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A process planner is working on plans to produce a new detergent. It is important to know the demand for warehouse space for the main
A process planner is working on plans to produce a new detergent. It is important to know the demand for warehouse space for the main raw material based on a similar material already used by the plant and for which the demand distribution below is known:
Demand in Tons per day | 10 | 9 | 12 | 14 | 11 | 8 |
Frequency of occurrence in days | 6 | 18 | 15 | 18 | 6 | 3 |
-What demand can be estimated for planning purposes based on 60 estimates? -Do the simulation to obtain the 60 estimates to estimate the average value of demand. (Make Confidence Interval) Please show all procedures and formulas.
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