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4 Monte Carlo MethodAssignment
Preparation: Activities include
completing the SkillSoft® courses, watching
the Lynda.com® videos,
independent student reading, and research.
- Complete the Skillsoft® course, “Basic Statistics and Graphical Methods
for Six Sigma.”
- Complete the Skillsoft® course, “Risk Management: Assessing Risk.”
Assignment: Recreate the simulation presented in the “Performing Monte Carlo
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.