Exploring Decision Quality Using Sipmath Part 1

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  • Works
  • Dr. Sam Savage gives a brief introduction to the
  • Deterministic results may be easy to interpret but may lead to inferior
  • Brian Putt adds two random variables in the
  • Sam L. Savage, Executive Director of ProbabilityManagement.org outlines the steps of creating an interactive simulation model ...

In-Depth Information on Decision Quality Using Sipmath Part 1

Video describes how to set up an Excel model to evaluate the profit for holding a concert at high school. Excel file available at: ... This is the epilogue to 2 previous videos that evaluated the optimum price for concert tickets when we consider uncertainty in ... This video extends the first video to include adding SIPs are a way to store uncertainties.

Sam L. Savage, Executive Director of ProbabilityManagement.org discusses the

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