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Author Question: Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte ... (Read 15 times)

neverstopbelieb

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on: Dec 3, 2019

Question 1

Complete the following table in preparation for a Monte Carlo simulation.

DemandProbabilityCumulative ProbabilityInterval of Random Numbers
0.1​​
1.15​​
2.4​​
3.15​​
4.2​​


Question 2

Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation? What is the expected demand?

DemandProbabilityCumulative ProbabilityInterval of Random Numbers
0.1​​
1.15​​
2.4​​
3.15​​
4.2​​
Operations Management (Canadian Edition) ¦ Heizer, Render, Griffin ¦ 1st Edition
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Marked as best answer by neverstopbelieb on Dec 3, 2019

aham8f

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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neverstopbelieb

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Reply 2 on: Dec 3, 2019
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Wow, this really help

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