Asked by Shani Patel on May 11, 2024
Verified
A distribution of service times at a waiting line indicates that service takes 12 minutes 30% of the time and 14 minutes 70% of the time. In preparing this distribution for Monte Carlo analysis, the service time 13 minutes would be represented by the random number range
A) 00 through 29.
B) 01 through 30.
C) 30 through 99.
D) 31 through 00.
E) None of these; 13 minutes is not a possible outcome.
Monte Carlo Analysis
A statistical technique that utilizes random sampling and variability to calculate risks and predict outcomes in a wide range of applications.
- Learn the role of probability distributions in the context of simulation models.
Verified Answer
DM
Danny MeyersMay 12, 2024
Final Answer :
E
Explanation :
The service times given are 12 minutes (30% of the time) and 14 minutes (70% of the time). There is no mention of a 13-minute service time, making it not a possible outcome based on the provided distribution. Monte Carlo analysis would only include ranges for the specified outcomes of 12 and 14 minutes.
Learning Objectives
- Learn the role of probability distributions in the context of simulation models.
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