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

What will be an ideal response?

Demand Probability Cumulative Probability Interval of Random Numbers
0 .1 .1 01-10
1 .15 .25 11-25
2 .4 .65 26-65
3 .15 .8 66-80
4 .2 1 81-00

Business

You might also like to view...

Describe how to implement the "envelope" budgeting system

What will be an ideal response?

Business

By combining cells we guard against having an inflated test statistic that could have led us to incorrectly reject the H0

Indicate whether the statement is true or false

Business