Quantitative Methods
posted by Ashley Johnson .
Read the “JET Copies” Case Problem on pages 678679 of the text of the Quantitative Methods Book. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows:
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 12 paragraphs for each component of the model (daystorepair; 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.

It 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.
Respond to this Question
Similar Questions

math
Peter is reading a 103 page book. He has read three pages more than one fourth of the number of pages he hasn't yet read. How many pages he has bot read? 
Quantitative Methods
I am trying to use the Goal Seek Method in Microsoft Excel but i keep getting a message that says "Cell must contain a value". Since the cell does contain a value what could be the error. 
Quantitative Methods
Read the “JET Copies” Case Problem on pages 678679 of the text of the Quantitative Methods Book. Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: 1. In Excel, use a suitable method … 
math word problem(fraction)
Chris read 312 pages of a book at first.he read the remaining pages in 20 days,w/ de same number of pages each day.during these 20 days,he read onetwelveth(1over12) of de book in 6days.how many pages of de book did he read in de 6days? 
Chemistry
Suppose there is a simulation of 25 helium molecules and 25 nitrogen molecules on the right hide of a box before the rate of effusion. Calculate the theoretical ratio of rate of effusion of Helium to Nitrogen: **Which is the Square … 
Chemistry
Suppose there is a simulation of 25 helium molecules and 25 nitrogen molecules on the right hide of a box before the rate of effusion. Suppose you carry out this simulation and it does not give a precise quantitative reflection of … 
Chemistry: Need Help
Suppose there is a simulation of 25 helium molecules and 25 nitrogen molecules on the right side of a box before the rate of effusion. Suppose you carry out this simulation and it does not give a precise quantitative reflection of … 
Quantitative Analysis
To make meaningful causal inferences when conducting quantitative analyses, one must employ...? 
math(Quantitative methods) pls help me out
Discuss 5 application areas of assignment Methods of Linear programming. 
math! Quantitative methods!
Discuss 5 application areas of assignment methods of Linear programming.