Question 1: (20 points) Create a stochastic model in Excel for an assembly operation. The assembly operation has been ti

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Question 1: (20 points) Create a stochastic model in Excel for an assembly operation. The assembly operation has been ti

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Question 1 20 Points Create A Stochastic Model In Excel For An Assembly Operation The Assembly Operation Has Been Ti 1
Question 1 20 Points Create A Stochastic Model In Excel For An Assembly Operation The Assembly Operation Has Been Ti 1 (15.3 KiB) Viewed 26 times
Question 1: (20 points) Create a stochastic model in Excel for an assembly operation. The assembly operation has been timed and takes an average of 15 minutes. The time variation is normally distributed with a standard deviation of 1.5 minutes. Create and plot a histogram with CDF. With the current operation, what fraction of the assemblies are completed in less than 17 minutes? Consider at least 200 but not more than 1000 production cycles.
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