1. Suppose that the time required to drive across town is uniformly distributed between 12 and 20 minutes. What is the simulated (average) time to cross town using the following random numbers: 0.21 0.53 0.05 0.89 0.15 0.73 0.06 0.28 0.81 0.74 (rounded to 2 decimal place)

2.Given the following sales data 67, 83, 77, 56, 83, 75, 91, 82, 71. The MSE of the forecasted three month moving average values is approximately?

3.Estimate of the financial information for a new product include the following information: Fixed Cost =$5,000, Variable Cost = $3/unit, Revenue = $21/unit. Suppose we simulate the number of units sold using random digits 0.0000-0.3499 corresponding to 600 units. 0.3500-0.7999 to 800 units and 0.8000-0.9999 to 1000 units. Use the random numbers to 0.51, 0.97, 0.58,0.22 and 0.16 to simulate five trails. What is the simulated average net profit?

4.Given the following sale data 6,11,9,14,15. The mean squared error for the forecast for month six using a linear is approximately:

5.Given the following sales data 67, 83,77,56,83,75,91,82,71. The Forecasted three-month moving average for month ten is approximately: