Hello all,
I just learned about @Risk and I have a question about it. I have 6 possible values for the number of guest want to reserve the room. I would like to make a decision on how many rooms I want to reserve based on the total cost. I ran the simulation and came up with 2 numbers, one has lowest average cost, the other has lowest standard deviation. Which one should I use in this case?
It would be very nice if you could help me with this question. Thanks in advance
Cheers,
I just learned about @Risk and I have a question about it. I have 6 possible values for the number of guest want to reserve the room. I would like to make a decision on how many rooms I want to reserve based on the total cost. I ran the simulation and came up with 2 numbers, one has lowest average cost, the other has lowest standard deviation. Which one should I use in this case?
It would be very nice if you could help me with this question. Thanks in advance
Cheers,