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Unformatted text preview: Question 5 Simulation Model for Room Reservations Room Cost Data Reserved $100.00 Reservations Extra $160.00 4600 4700 Attendees Mean 5000 4800 Std Dev 400 4900 5000 Reserved 5100 #NAME? Attendees Reserved Cost Total Cost #NAME? #NAME? #NAME? #NAME? #NAME? Extra Rooms Needed Extra Room Cost It varies from simulation to simulation but the best value appears to be about 4700 reservations....
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- Spring '08