The purpose of the assignment is to gather the information needed toset up problems, run simulations, and interpret the results to solvethe problems.
Using specified data files, chapter example files, and templatesfrom the “Topic 2 Student Data, Template, and ExampleFiles” topic material, complete Chapter 15, Problems 2, 7, 9, 32(parts a and b only), 33, and 35 from the textbook. Use the PalisadeDecisionTools Excel software to complete these problems whererequested and applicable. Problem 2 only requires the use of MicrosoftExcel; however, you may optionally use the Palisade DecisionToolsExcel software to generate the histogram.
Use the Palisade DecisionTools Excel software to complete the restof the problems and ensure that all Palisade software output isincluded in your files. Unless otherwise stated, run simulations with1,000 trials. Use 500 trials if the software will not allow you to run1,000 trials. Ensure that only one Excel file is open when running a simulation.
To receive full credit on the assignment, complete the following.
Ensure that the Palisade software output is included with yoursubmission.
Ensure that Excel files include the associatedcell functions and/or formulas if functions and/or formulas areused.
Include a written response to all narrative questionspresented in the problem by placing it in the associated Excelfile.
Include screenshots of all simulation distributionresults for output variables.
Place each problem in its ownExcel file. Ensure that your first and last name are in your Excelfile names.
APA style is not required, but solid academic writing is expected.
