The table below shows the partial results of a Monte Carlo simulation. Assume that the simulation began
Question:
The table below shows the partial results of a Monte Carlo simulation. Assume that the simulation began at 8:00 A.M. and there is only one server.
a) When does service begin for customer number 3?
b) When will customer number 5 leave?
c) What is the average waiting time in line?
d) What is the average time in the system? F4 Barbara Flynn sells papers at a newspaper stand fo $.35. The papers cost her $.25, giving her a $.10 profit on each one she sells. From past experience Barbara knows that:
a) 20% of the time she sells 100 papers.
b) 20% of the time she sells 150 papers.
c) 30% of the time she sells 200 papers.
d) 30% of the time she sells 250 papers. Assuming that Barbara believes the cost of a lost sale to be $.05 and any unsold papers cost her $.25, simulate her profit outlook over. days if she orders 200 papers for each of the 5 days. Use the follow ing random numbers: 52, 06, 50, 88, and 53.
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