16 Jays Appliances sells micro-fridges according to the monthly demand distribution shown in the table at the

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16 Jay’s Appliances sells micro-fridges according to the monthly demand distribution shown in the table at the top of the next page. Simulate 6 years of demand and compare theoretical and simulated results for the following measures:

(a) Average demand.

(b) Probability that demand will be less than or equal to 30 micro-fridges.

Table for Problem 16 DEMAND PROBABILITY 10 0.02 15 0.07 20 0.11 25 0.12 30 0.21 35 0.18 40 0.21 45 0.06 50 0.02

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Managerial Decision Modeling With Spreadsheets

ISBN: 9781292024196

3rd Edition

Authors: Barry Render

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Question Posted: Jul 26, 2024 04:00 PM

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16 Jays Appliances sells micro-fridges according to the monthly demand distribution shown in the table at the

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Managerial Decision Modeling With Spreadsheets

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