Exhibit 10-1
a Company Is in the Planning Phase of Constructing

question 11

Essay

Exhibit 10-1
A company is in the planning phase of constructing a new production facility. It wants to build a simulation model for the economics of the facility, and one key uncertain input is the construction cost. For each of the scenarios in the questions below, choose an "appropriate" distribution, together with its parameters, and explain your choice.
-If you add n lognormally distributed random numbers,the mean of the distribution for the sum is the sum of the individual means,and the variance of the distribution of the sum is the individual variances.This result is difficult to prove mathematically,but it is easy to demonstrate with simulation.To do so,run a simulation where you add three lognormally distributed random numbers,with means of 300,700 and 100,and standard deviations of 20,50,and 30,respectively.Your single output variable should be the sum of these three numbers.Verify with @RISK that the distribution of this output has a mean of 1,000 and standard deviation . ≈ $\sqrt{202+502+302}=61.6$

Recognize the use and management of comments within PowerPoint presentations.

Understand the process of reordering and structuring presentation sections.

Grasp the concept and application of transparency in design elements.

Understand the options for resizing and shaping images within PowerPoint.

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Definitions:

Local Manufacturing

The production of goods within a specific geographic region, typically emphasizing the benefits of reduced transport costs, supporting local economies, and minimizing environmental impact.

Franchising

A business model that allows one party (the franchisee) to operate a business using the branding and business system of another party (the franchisor) in exchange for fees or royalties.

Archeology Investments

Financial contributions or funding directed towards archaeological projects or activities, often aiming to uncover historical insights or preserve cultural heritage.

Yogen Früz

A Canadian frozen yogurt and smoothie chain that operates internationally, known for its self-serve yogurt bars and custom mixes.