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Here the company determines the demand of mask in 5 days of a week, the frequency of demand is give below. The company wants to
Here the company determines the demand of mask in 5 days of a week, the frequency of demand is give below. The company wants to simulate the demand by using Monte Carlo Simulation model.
Mask demand in day Frequency of demand
1 50
2 30
3 45
4 33
5 55
Determine the simulated demand for the company and also determine the average daily demand by using Monte Carlo simulation model (following the five steps)? Any five random variables you can use from this table.
Random Number
15 12
25 75
42 22
71 49
16 96
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