Assignment #1: JET Copies Case Problem Read the JET Copies Case Problem on pages 678-679 of thetext.Using simulation estimate the loss of revenue due to copierbreakdown for oneyear, as follows: In Excel, use a suitablemethod for generating the number of days needed to repair thecopier, when itis out of service, according to the discrete distributionshown.In Excel, use a suitablemethod for simulating the interval between successive breakdowns,according tothe continuous distribution shown.In Excel, use a suitablemethod for simulating the lost revenue for each day the copier isout ofservice.Put all of this togetherto simulate the lost revenue due to copier breakdowns over 1 yearto answer thequestion asked in the case study.In a word processingprogram, write a brief description/explanation of how youimplemented eachcomponent of the model. Write 1-2 paragraphs for each component ofthe model(days-to-repair; interval between breakdowns; lost revenue; puttingittogether).Answer the question posedin the case study. How confident are you that this answer is a goodone? Whatare the limits of the study? Write at least one paragraph.

Assignment #1: JET Copies Case Problem Read the JET Copies Case Problem on pages 678-679 of thetext.Using simulation estimate the loss of revenue due to copierbreakdown for oneyear, as follows: In Excel, use a suitablemethod for generating the number of days needed to repair thecopier, when itis out of service, according to the discrete distributionshown.In Excel, use a suitablemethod for simulating the interval between successive breakdowns,according tothe continuous distribution shown.In Excel, use a suitablemethod for simulating the lost revenue for each day the copier isout ofservice.Put all of this togetherto simulate the lost revenue due to copier breakdowns over 1 yearto answer thequestion asked in the case study.In a word processingprogram, write a brief description/explanation of how youimplemented eachcomponent of the model. Write 1-2 paragraphs for each component ofthe model(days-to-repair; interval between breakdowns; lost revenue; puttingittogether).Answer the question posedin the case study. How confident are you that this answer is a goodone? Whatare the limits of the study? Write at least one paragraph.

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