CMGT 442 Week 4 Monte Carlo Method


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4 Monte Carlo MethodAssignment
 Activities include
completing the SkillSoft® courses, watching
the® videos,
independent student reading, and research. 

  • Complete the Skillsoft® course, "Basic Statistics and Graphical Methods
    for Six Sigma."

  • Complete the Skillsoft® course, "Risk Management: Assessing Risk."

  • Watch the video,
    "Up and Running with Excel What-If Analysis."

  • Watch the video,
    "What do you need to know to be an analytics professional?"

  • Watch "Performing Monte
    Carlo Simulation" of the "Up and Running with Excel
    What-If Analysis," video.

 Assignment: 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.
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