17 Oct Create a Monte Carlo Simulation in Excel. The objective is based on business related activity. The simulation should have revenue, production, payroll, and expenses. You can look up compan
Create a Monte Carlo Simulation in Excel. The objective is based on business related activity. The simulation should have revenue, production, payroll, and expenses. You can look up company ranges for this information. You will run the Monte Carlo Simulation 10,000 times.
Criteria is as follows:
Revenue Production Payroll Expenses
Mean 200 100 60 45
Std Dev. 24 14 13 12
*Note* You will need to simulate the revenue, production, payroll, and expenses at random to find the net profit. The net profit is how the simulation will be run.
1. You will need to discuss the objective that you are seeking and why?
2. What is the probability that the net profit is greater or equal to zero? Explain
3. What is the minimum, maximum, mean, and std deviation from the simulation?
4. Finally, what was challenging about running the simulation and how can this impact the business you have or currently work for?
Need peer-reviewed citations and detailed explanations. Need introduction and conclusion as well. Please provide Excel file as well with the report.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.