Question

The daily demand for tuna sandwiches at an Ohio University cafeteria vending machine is either 8, 9, 10, or 11, with probabil
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer to the above question

The given problem has been solved using Monte carlo Simulation Technique
Step I
First of all random numbers 00-99 are allocated in proportion to the probabilities associated with the demand of Tuna Sandwiches
Demand Probability Cumulative Probability Range of random numbers
8 0.30 0.30 00 - 30
9 0.30 0.60 31 - 60
10 0.10 0.70 61 - 70
11 0.30 100.00 71 - 00
Step 2
WN- II
Based on the given random numbers , we simulate the estimated sales
Day Random Numbers Demand
1 49 9
2 21 8
3 97 11
4 45 9
5 34 9
6 69 10
7 39 9
8 92 11
9 30 8
10 66 10
According to the above table for Random number simulation the sale for random number 49 will be 9 sandwitches
Add a comment
Know the answer?
Add Answer to:
The daily demand for tuna sandwiches at an Ohio University cafeteria vending machine is either 8,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The daily demand for tuna sandwiches at an Ohio University cafeteria vending machine is either 7,8,9,...

    The daily demand for tuna sandwiches at an Ohio University cafeteria vending machine is either 7,8,9, or 10, with probabilities 0.4, 0.2, 0.2, and 0.2, respectively. Assume the following random numbers have been generated: 98, 58, 33, 80, 8, 70, 56, 56, 65, and 31. (Note: Assume the random number interval begins at 01 and ends at 00.) Based on the given probabilty distribution, the sandwich sales for the given random number are (round all responses to the nearest whole...

  • 1) Consider the following distribution and random numbers: Demand Frequency 0.15 0.30 0.25 0.15 0...

    1) Consider the following distribution and random numbers: Demand Frequency 0.15 0.30 0.25 0.15 0.15 Random Numbers; 62 13 25 40 0 4 What four demand values would be developed from the random numbers listed? 2) Given the following random number ranges and the following random number sequence: 62, 13, 40, 86, 93, determine the expected average demand for the following distribution of demand. Random Demand Number Ranges 00-14 15-44 45-69 70-84 85-99 Answer:_ The number of cars arriving at...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT