Match the probability distribution to the corresponding spreadsheet cell address. uniform distribution 1. cell B3 custom discrete distribution 2. cell B4 3. cell B5 normal distribution 4. Not represented in the spreadshee binomial distribution model.

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ISBN:9781119256830
Author:Amos Gilat
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A
1
Model Parameters
C
D.
2 Selling Price/Unit
100
Material Cost Distribution
3 Labor Cost/Unit
=VLOOKUP(RAND(),A12:C16,3,TRUE) Lower Bound
4 Material Cost/Unit =D3+(D4-D3)*RAND()
75
Upper Bound
5 Demand
=NORM.INV(RAND(),D7,8)
85
6.
Demand Distribution
Mean
Standard Deviation
Model
8 Profit
=((B2-B3-B4)*B5)
10000
9.
1500
10 Labor Cost
11
Lower Bound
Upper Bound
Cost/Unit
Probability
12 0
=D12+A12
30
13 =B12
=D13+A13
0.08
14 =B13
31
0.12
=D14+A14
32
15 =B14
=D15+A15
0.23
33
16 =B15
0.38
1
34
0.15
Simulations use randomly generated values for input variables. The screenshot
displayed above is from a simulation model implemented in Excel. Examine the
formulas entered into cells B3:B5. What probability distributions are being used to
generate these random values?
Match the probabilitv distribution to the corresponding spreadsheet cell address.
Transcribed Image Text:A 1 Model Parameters C D. 2 Selling Price/Unit 100 Material Cost Distribution 3 Labor Cost/Unit =VLOOKUP(RAND(),A12:C16,3,TRUE) Lower Bound 4 Material Cost/Unit =D3+(D4-D3)*RAND() 75 Upper Bound 5 Demand =NORM.INV(RAND(),D7,8) 85 6. Demand Distribution Mean Standard Deviation Model 8 Profit =((B2-B3-B4)*B5) 10000 9. 1500 10 Labor Cost 11 Lower Bound Upper Bound Cost/Unit Probability 12 0 =D12+A12 30 13 =B12 =D13+A13 0.08 14 =B13 31 0.12 =D14+A14 32 15 =B14 =D15+A15 0.23 33 16 =B15 0.38 1 34 0.15 Simulations use randomly generated values for input variables. The screenshot displayed above is from a simulation model implemented in Excel. Examine the formulas entered into cells B3:B5. What probability distributions are being used to generate these random values? Match the probabilitv distribution to the corresponding spreadsheet cell address.
Simulations use randomly generated values for input variables. The screenshot
displayed above is from a simulation model implemented in Excel. Examine the
formulas entered into cells B3:B5. What probability distributions are being used to
generate these random values?
Match the probability distribution to the corresponding spreadsheet cell address.
uniform distribution
1. cell B3
custom discrete
distribution
2. cell B4
3. cell B5
normal distribution
4. Not represented in the spreadsheet
binomial distribution
model.
Transcribed Image Text:Simulations use randomly generated values for input variables. The screenshot displayed above is from a simulation model implemented in Excel. Examine the formulas entered into cells B3:B5. What probability distributions are being used to generate these random values? Match the probability distribution to the corresponding spreadsheet cell address. uniform distribution 1. cell B3 custom discrete distribution 2. cell B4 3. cell B5 normal distribution 4. Not represented in the spreadsheet binomial distribution model.
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