Solved

A Company Is About to Develop and Then Market a New

Question 75

Essay

A company is about to develop and then market a new product. It wants to build a simulation model for the entire process, and one key uncertain input is the development time, which is measured in an integer number of months. For each of the scenarios in the questions below, choose an "appropriate" distribution, together with its parameters, and explain your choice.
-Company experts believe the development time will be from 5 to 9 months, but they have absolutely no idea which of these will result.

Correct Answer:

verifed

Verified

The "no idea" sugges...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions