@risk software question | Probability homework help

Must have @RISK Software with Excel. I need the excel sheets and the PDF/Word with answers to the questions below.

2) Cuban Investors buys real estate, develops it, and resells it for a profit. A new property is

available, and Mark Cuban, the president and owner of Cuban Investors, believes it can be

sold for $160,000. The current property owner asked for bids and stated that the property

will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids

for the property. Cuban does not know what the competitors will bid, but he assumes for

planning purposes that the amount bid by each competitor will be uniformly distributed

between $100,000 and $150,000. Cuban is considering submitting a bid of anywhere between

$120000 and $150000 (in increments of $5000) for the property. He has consulted you to

help him decide upon the “right” amount to bid for the property in order to maximize his

expected profit.

a. Let’s assume that Cuban decides to bid $120000. Build a simulation model

corresponding to the above scenario and run it for 5000 iterations to answer parts b,

c, and d.

b. Based on your simulation model what is the probability that Cuban will be able to

obtain the property with the bid of 120,000?

c. Please provide a 95% confidence interval on your probability estimate from part b.

d. What is the expected profit associated with the bid of $120,000?

e. Rerun your simulation model (5000 iterations each time) using bid amounts of

$125000, $130,000, $135,000, $140,000, $145,000 and $150,000. You can either run

each simulation separately or use risksimtable as discussed in the live session. Based

on these simulations which bid amount value would you recommend to Mark Cuban

in order to maximize his expected profit?

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Paper Helper has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!


Essay Writing Services

At Paper Helper, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.


Admission Papers

You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!


Editing and Proofreading

Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.


Technical papers

We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.


College Essay Writing

If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!


Quality Assignment/Homework Help

We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.