Keep the same weekly sales distribution for Best Car as in Example but assume that the price

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Keep the same weekly sales distribution for Best Car as in Example but assume that the price of cars is distributed as follows:
Sales Price (price/car) Relative Frequency (probability)
$18,000 .................0.15
$20,000 .................0.35
$22,000 .................0.35
$24,000 .................0.10
$26,000 .................0.05
Total 1.00
Create an Excel model that simulates 500 weeks at Best Car. It should calculate from the simulated experience the average number of cars and revenue per week and also a frequency table on car sales.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Operations management processes and supply chain

ISBN: 978-0136065760

9th edition

Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra

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