QUANTITATIVE METHODS FOR RISK ANALYSIS
Excel work-QUANTITATIVE METHODS FOR RISK ANALYSIS
Order Description
DO NOT submit any Excel files. You may upload ONE file only.
You require answering all of the questions in the document called (Assignment Question and Requirement.docx) by using the Excel document called (work Excel.xlsx).
After you complete, just put all of the Excel sheets into one File ONLY. And I have uploaded the relevance lecture's documents for you to have a look.
This subject requires you have the relevant knowledge to complete this assignment:
analyse risk statistically by summarising and interpreting data using techniques of descriptive statistics including the use of associated spreadsheet functions
analyse and evaluate risk by applying concepts of probability and of probability distributions
analyse and evaluate risk via Monte Carlo simulation, using @Risk software
evaluate decision-making strategies, including use of PrecisionTree software
describe and analyse the quality of production in an industrial process, using statistical control charts.