DevelopedBy:Dr.DonSmith,P.E.DepartmentofIndustrialEngineeringTexasAMUniversityCollegeStation,TexasExecutiveSummaryVersionChapter19MoreonVariationandDecisionMakingUnderRiskLEARNINGOBJECTIVESLEARNINGOBJECTIVES1.Certaintyandrisk2.Variablesanddistributions3.Randomsamples4.Averageanddispersion5.MonteCarlosimulationSct19.1InterpretationofCertainty,Risk,Sct19.1InterpretationofCertainty,Risk,andUncerta...
