Thursday

December 18, 2014

December 18, 2014

Posted by **Ashley Johnson** on Tuesday, October 4, 2011 at 9:31am.

1. In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown.

2. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown.

3. In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service.

4. Put all of this together to simulate the lost revenue due to copier breakdowns over 1 year to answer the question asked in the case study.

5. In a word processing program, write a brief description/explanation of how you implemented each component of the model. Write 1-2 paragraphs for each component of the model (days-to-repair; interval between breakdowns; lost revenue; putting it together).

6. Answer the question posed in the case study. How confident are you that this answer is a good one? What are the limits of the study? Write at least one paragraph.

- Quantitative Methods -
**Dr Russ**, Tuesday, October 4, 2011 at 9:39amIt is not that helpful to post a reference to a problem in a text book to which there is no access.

You are also unlikely to get answers to a multiple part problem unless you are asking for comment on your own answers.

**Answer this Question**

**Related Questions**

Quantitative Methods - Read the “JET Copies” Case Problem on pages 678-679 of ...

Quantitative Analysis - To make meaningful causal inferences when conducting ...

Chemistry - Suppose there is a simulation of 25 helium molecules and 25 nitrogen...

Chemistry: Need Help - Suppose there is a simulation of 25 helium molecules and ...

Chemistry - Suppose there is a simulation of 25 helium molecules and 25 nitrogen...

Stats - 1.Number of people in attendance at a baseball game qualitative/ordinal ...

Quantitative Methods - What will be the 12th and 77th terms in the series 10, 12...

statistics - The number of new boats sold at a boat dealership in a given week ...

math - Peter is reading a 103 page book. He has read three pages more than one ...

math word problem(fraction) - Chris read 312 pages of a book at first.he read ...