CMGT 442 Week 5 Monte Carlo Method

CMGT 442 Week 4 Monte Carlo Method   Week 4 Monte Carlo Method Assignment Preparation: Activities include completing the SkillSoft® courses, watching the Lynda.com® videos, independent student reading, and research.  Complete the Skillsoft® course, “Basic Statistics and Graphical Methods for Six Sigma.”�  Complete the Skillsoft® course, “Risk Management: Assessing Risk.”�  Watch the Lynda.com video, “Up and Running with Excel What-If Analysis.”�  Watch the Lynda.com video, “What do you need to know to be an analytics professional?”�  Watch “Performing Monte Carlo Simulation”� of the Lynda.com “Up and Running with Excel What-If Analysis,”� video. Assignment: Recreate the simulation presented in the “Performing Monte Carlo Simulation”� video. Submit the Microsoft® Excel® spreadsheet along with a 1- to 2-page explanation on how the Monte Carlo tool can be used in risk assessment.

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