With this weeks assignment need to watch the attached link i posted with the assignment and create the exact simulation on excel. Than write a 1 to 2 page paper explaining how the “MONTE CARLO” tool can be used in a risk assisment. Let me know if you can complete it before 430pm. Thanks
- Watch “Performing Monte Carlo Simulation” of the Lynda.com “Up and Running with Excel What-If Analysis,” video.
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.