Use the Information Below to Answer the Following Question(s) We Assume That the Production (Demand)volume Is Normally Distributed with the Following
Multiple Choice
Use the information below to answer the following question(s) .
Consider the following spreadsheet for an outsourcing decision model.
We assume that the production (demand) volume is normally distributed with a mean of 1,000 and a standard deviation of 100.For the unit cost, select the triangular distribution.It has a minimum value of $150, most likely value of $165, and a maximum value of $190.The number of trials per simulation is equal to 5,000 at a Sim.Random Seed of 1.Run the simulation and answer the following question(s) using the Risk Solver Platform.
-What is the value of mean obtained from the simulation results? [Hint: Choose the nearest answer]
A) $18,385
B) $21,663
C) $14,894
D) $23,946
Correct Answer:

Verified
Correct Answer:
Verified
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