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For the past 90 days, daily sales of market umbrellas at a Florida Costco store have been recorded (to the nearest 10). Units Sold Number
For the past 90 days, daily sales of market umbrellas at a Florida Costco store have been recorded (to the nearest 10).
Units Sold | Number of Times |
20 | 5 |
30 | 16 |
40 | 26 |
50 | 31 |
60 | 12 |
a. Determine the relative frequency for each number of units sold. |
b. Suppose that the following random numbers were obtained using Excel: 0.87 0.07 0.94 0.70 0.51 0.46 0.05 0.34 0.96 0.55 Use these random numbers to simulate 10 days of sales. (SHOW EXCEL FORMULAS) |
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