Author Question: Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte ... (Read 35 times)

neverstopbelieb · **on:** Dec 3, 2019

Question 1

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

Demand	Probability	Cumulative Probability	Interval 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?

Demand	Probability	Cumulative Probability	Interval of Random Numbers
0	.1
1	.15
2	.4
3	.15
4	.2

aham8f · **Reply #1 on:** Dec 3, 2019

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