Are your seeking Excel Simulation Assignment help?
Simulation is used to create a model; this model creation takes place by creating series of random observations sometimes these observations are based on statistical distribution and then analyzing the resulting observations. It is a mathematical model that calculates the effect of inputs and decisions on outcomes. Generally this approach is also known as Monte Carlo Simulation.
The main excel functions for generating random numbers for simulation are determined by:
RAND () - It generates random number between 0 and 1
RANDBETWEEN (a, b) - It generates random integer between a and b
The data table function in MS-Excel is used to implement specific simulations without using any programming. The Excel Simulation develops the random variables and helps in formation of simulation package.
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