The purpose of this assignment is to use analytics techniques to
analyze a case problem.
Part 1Read Case Study Case 15.2 Ebony Bath Soap from the
textbook, and then complete the following items.For Questions 1 and 2 of the case, use the Palisade
DecisionTools Excel software to set up a simulation model and run a
simulation with 500 trials for the case. Ensure that all Palisade
software output is included in your files and that only one Excel
file is open when running a simulation. Use the “Topic 3 Case
Study Template” file as a starting point.
Hint: The RiskSimtable function was be helpful for
running the simulations.Respond to Question 3 as written
in the problem. Ignore the confidence interval portion of the
question.Respond to Question 4 as written in the
problem.To receive full credit on the assignment, complete the following.Ensure that the Palisade software output is included with your
submission.Ensure that Excel files include the associated
cell functions and/or formulas if functions and/or formulas are
used.Include a written response to all narrative questions
presented in the problem by placing it in the associated Excel
file.Include screenshots of all simulation distribution
results for output variables.Place each problem in its own
Excel file. Ensure that your first and last name are in your Excel
Part 2In a 500-750-word summary to company management, address the
following. Include relevant charts and graphs within your summary, as needed.Describe the case specific business requirements and how they
can be communicated across all levels of the organization.Based on the simulation results, discuss the Annual Cost output
statistical distributions. Assume that your audience as minimal
background in statistics.Discuss which Annual Cost output
probability distribution has the most dispersion, and explain why
this is so. Explain the descriptive, predictive, and
prescriptive analytics that have been used to formulate the
solutions to the business needs.Based on the Annual Cost
output statistical distributions and other information gleaned from
your analysis, discuss the specific prescribed course of action you
would recommend to company management and justify your
recommendations. Include discussion of how the proposed analytics
solutions can optimize organizational performance and
effectiveness.While APA style is not required for the body of this assignment,
solid academic writing is expected, and documentation of sources
should be presented using APA formatting guidelines, which can be
found in the APA Style Guide, located in the Student Success Center.This assignment uses a rubric. Please review the rubric prior to
beginning the assignment to become familiar with the expectations for
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