In the drug production example, Example 12.3, suppose we want to run 5 simulations, where we vary the probability of passing inspection from 0.6 to 1.0 in increments of 0.1. Use the RISKSIMTABLE...

In the drug production example, Example 12.3, suppose we want to run 5 simulations, where we vary the probability of passing inspection from 0.6 to 1.0 in increments of 0.1. Use the RISKSIMTABLE function appropriately to do this. Comment on the effect of this parameter on the key outputs. In particular, does the probability of passing inspection have a big effect on when production should start? (Note: When this probability is low, it might be necessary to produce more than 25 batches, the maximum we built into our model. Check whether this maximum should be increased.)

Example 12.3