Assignmnet 1: Assignment Preparation: Activities include completing the SkillSoft courses, watching the Lynda.com videos, independent student reading, and research.
Watch the Lynda.com video, "Up and Running with Excel What-If Analysis."
Watch the Lynda.com video, "What do you need to know to be an analytics professional?"
Watch "Performing Monte Carlo Simulation" of the Lynda.com "Up and Running with Excel What-If Analysis," video.
Assignment:
Recreate the simulation presented in the "Performing Monte Carlo Simulation" video.
Submit the Microsoft Excel spreadsheet along with a 1- to 2-page explanation on how the Monte Carlo tool can be used in risk assessment.