Login

Create Account
Customer Service Chat
+14156709189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
JET Copies Case Problem, Applied Statistics
Read the “JET Copies” Case Problem on pages 678679 of the text. 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.
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 MAT540 Student Version 201005 Page 6 of 19 good one? What are the limits of the study? Write at least one paragraph.
There are two deliverables for this Case Problem, the Excel spreadsheet and the written
description/explanation. Please submit both of them electronically via the dropbox
Posted Date: 1/26/2013 8:23:35 PM  Location : United States
Ask an Expert
Related Discussions:
JET Copies Case Problem, Assignment Help, Ask Question on JET Copies Case Problem, Get Answer, Expert's Help, JET Copies Case Problem Discussions
Write discussion on JET Copies Case Problem
Your posts are moderated
Write your message here..
Related Questions
Find the relation between two substance, Find the Relation between two subs...
Find the Relation between two substance: The following table shows the results obtained in experiments aimed to determine how solubility of water in benzene depends on tempera
Cluster sampling, Cluster Sampling Here the population is divide...
Cluster Sampling Here the population is divided into clusters or groups and then Random Sampling is done for each cluster. Cluster Sampling differs from Stratified Sampl
Case # 2 , Case Problem: A Bipartisan Agenda for Change In a study conducte...
Case Problem: A Bipartisan Agenda for Change In a study conducted by Zogby International, more than 700 New Yorkers were polled to determine whether the New York state government w
ERROR IN VARIABLESS, #question HOW TO TEST
#question HOW TO TEST
Quote, How much would u charge for 4 questions
How much would u charge for 4 questions
Cluster analysis, These techniques are applied when the rows and the column...
These techniques are applied when the rows and the columns of the data table represent the same units and when the measure is a disiance or a similarity. The goal of the analysis i
Bernoulli''s theorem, Bernoulli's Theorem If a trial of an experiment c...
Bernoulli's Theorem If a trial of an experiment can result in success with probability p and failure with probability q (i.e.1p) the probability of exactly r success in n tri
Three types of food question?, #There were three types of food, and the res...
#There were three types of food, and the researcher recorded which foods were bought. Peanut Butter Banana Hamburger 15
Simple regression, Simple Regression: The Teacher Preparation Researc...
Simple Regression: The Teacher Preparation Research Team conducted a study of college students who took the Praxis IIa teacher certification examination. Some variables from
Find probability of remaining paint free  ball duel, In a threecornered p...
In a threecornered paint ball duel, A, B, and C successively take shots at each other until only one of them remains paint free. Once hit, a player is out of the game and gets no
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Help
IT Services
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work