Question

C.l. with Specified Precision Terminating Simulations] Example-The cross-replication summary outputs from M/G/1 simulation model based on 10 replications is as follows: Total Cost ($) Percent Rejected 11.12 1.30 0.93 9.43 13.55 Sample Mean Sample Standard Deviation 95% Confidence Interval Half Width Minimum Summary Output Value Maximum Summary Output Value 21,618.33 1,136.24 812.82 20,056.75 23,837.38 - What should be the sample size to get the half-width down to t 250 or less for total cost? Try yourself: Consider percent rejected and repeat the same for half-width of 0.50.

Please Solve "Try Yourself" questions! thanks!

Answer 1

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