Monthly demand for a 60 TV at a local appliance store is normally distributed with a mean
Question:
Monthly demand for a 60" TV at a local appliance store is normally distributed with a mean of 11 units and standard deviation of 4.17 units. Use Analysis ToolPak or R, both with a seed of 1, to develop a simulation for 300 months and report the mean and the range of the demand for the TV.
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Using Excel The average demand 110259 units Standard deviation ...View the full answer
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Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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