AD-616 - Enterprise Risk Analytics - Statistics Assignment Help

Assignment Task

Assignment 1
What to submit?
Please submit (i) a word file explaining in detail your answers to each question (you can use screenshots of the R to explain your answers) AND (ii) an R file with a separation for each question. For each question, make sure you develop the model and present the simulation results – the R file should be self-explanatory. The assessment of your work will include both the accuracy and the clarity of your word file and the R Code.
Consider a call center that receives its demand over a set of different travel websites. The weekly demand for each website is normally distributed with a mean and standard deviation given in Table 1. Develop a R script that calculates the average total call center demand and its standard deviation.

Table 1: Weekly demand of travel sites (in hours)
Travel Site Mean Standard Deviation
A 200 20
B 50 10
C 100 15
D 150 30
E 100 30
F 100 10
A cell phone manufacturer is considering to offer a refund to its customers whose battery fails before 5 years. The refund is equal to $1 per 1 month short of 5 years. Previous studies show that a battery’ life is normally distributed with a mean of 6 years and standard deviation of 1 year. What is the expected cost per cell phone to the manufacturer of this offer?
A convenience store needs to make a decision of how many packages of California rolls prepare for tomorrow. A package of California rolls cost the store $2.00 and it sells for $6.00. Daily demand is normally distributed with a mean of 100 packages of California rolls and a standard deviation of 40 packages of California rolls. If there are leftovers at the end of the day, the store donates them. Develop a R model that simulates the daily profit resulting from the preparation of 50, 75, 100, 120, 140, 160 packages of California rolls in a day (run them one at a time). Of these 6 options, which option maximizes the expected profit?

This AD-616 - Statistics Assignment has been solved by our Statistics experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.