Business Analysis | Section 036 Week 6 Discussion 1 | Assignment Help | Georgia State University
- Georgia State University / Business Analysis 036
- 22 Oct 2020
- Price: $8
- Other / Other
Business Analysis | Section 036 Week 6 Discussion 1 | Assignment Help | Georgia State University
Reflecting on Probability and Simulation
You've just completed the
Webex Activity for Module 6. Hopefully, you have learned some helpful
information about how to include probabilities in your profit model for your
donut shop. Think about the work you've completed so far and provide thoughtful
answers to the questions below:
1.
What is the difference between saying the demand
for donuts Tuesday is 50 versus there is a 60% chance the demand for donuts
Tuesday will be 50?
2.
Why is it important to include simulations in our
models?
USA 
India