Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2021

In order to simulate the demand for year 2020 using Vlookup, with the below frequencies you must develop the ranges for each possible number

In order to simulate the demand for year 2020 using Vlookup, with the below frequencies you must develop the ranges for each possible number of sales. You then generate a random number of 0.445. What would be the corresponding Number of Sales ? Number of Sales Cumulative Probability Frequency(Days) Probability 100 200 14 12 275 20 350 450 15

Step by Step Solution

★★★★★

3.35 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

No of sales Frequencydays Probability Cumulative p... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Document Format ( 2 attachments)

63625de13ef1d_236385.pdf

180 KBs PDF File

63625de13ef1d_236385.docx

120 KBs Word File

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Conceptual Physics

Authors: Paul G. Hewitt

11th edition

321568095, 9780-032166256, 321662563, 978-0321568090

More Books

Students also viewed these Mathematics questions

Question

★★★★★

In a simulation study, the daily demand of an item is 5, 7, and 9 with corresponding random intervals 01-29, 30-85, 86-00, respectively. If a random number 99 is generated, then the corresponding...

Answered: 1 week ago

Question

★★★★★

Develop a spreadsheet using the VLOOKUP function to simulate 50 rolls of a pair of dice using the approach described in this chapter Construct a histogram of the outcomes and compare it to the...

Answered: 1 week ago

Question

★★★★★

For a failure probability q = 0.2, simulate 100 trials of the six-component test of Problem 2.4.1. How many devices were found to work? Perform 10 repetitions of the 100 trials. What do you learn...

Answered: 1 week ago

Question

★★★★★

Repeat the analysis of problem 14.7, but this time focus on the Facebook call and put options in Figure 14.1 that have a strike price of $87.50. If you use put-call parity to find the price of...

Answered: 1 week ago

Question

★★★★★

Airline tickets can be purchased online, by telephone, or by using a travel agent. Passengers who have a ticket sometimes dont show up for their flights. Suppose a person who purchased a ticket is...

Answered: 1 week ago

Question

★★★★★

Ticketmaster is a global ticket retailer selling hundreds of millions of tickets to every type of show and venue with total revenue exceeding $8 billion/year. In 2010, it merged with Live Nation to...

Answered: 1 week ago

Question

★★★★★

The partial ANOV table given in Table 9.25 resulted from fitting the multiple regression model ???? = ????0 +????1????1 +????2????2 +????3????3 +????. Use the information in Table 9.25 to answer the...

Answered: 1 week ago

Question

★★★★★

A comparative balance sheet for Alcorn Company containing data for the last two years is as follows: The following additional information is available about the companys activities during this year:...

Answered: 1 week ago

Question

★★★★★

What is the main difference between heuristic analysis and behavioral analysis in the context of cybersecurity? Heuristic analysis focuses on identifying potential threats based on known patterns and...

Answered: 1 week ago

Question

★★★★★

You have signed a contract to build a garage for the Simpsons. You will receive a $500 bonus for completing the project within 7 working days. The contract also contains a penalty clause in which you...

Answered: 1 week ago

Question

★★★★★

Write and execute the command to retrieve the reservation ID, trip ID, trip date, and customer last name for every reservation in the RESERVATION_CUSTOMER view with a trip date of September 11, 2016....

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress On January 1, 2022. Sandhill Corporation acquired machinery for $1680000. Sandhill adopted the straight-line method of depreciation for this machine and had been recording...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Donna owns a macaron store and makes all her macarons in-house. Business is particularly heavy during the "wedding season" of June and July. Donna signed a contract with Sweet-Ums Inc. to buy 2,000...

Answered: 1 week ago

Question

★★★★★

Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its return on investment (ROI) based on both net book value (NBV) and gross book value (GBV). Financial data...

Answered: 1 week ago

Question

★★★★★

Crane Company offers a five-year warranty on its products. Crane previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control...

Answered: 1 week ago

Question

★★★★★

At the start of the fiscal year, First Company purchased a truck for $ 6 1 , 5 0 0 . The company estimates that the truck can be used for 5 years or 1 2 0 , 0 0 0 miles and will have a salvage value...

Answered: 1 week ago

Question

★★★★★

Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...

Answered: 1 week ago

Question

★★★★★

A certain radar installation tracks airplanes by transmitting electromagnetic radiation of wavelength 3 cm. (a) Show that the frequency of this radiation is 10 GHz. (b) Show that the time required...

Answered: 1 week ago

Question

★★★★★

At a certain location, the solar power per unit area reach ins; Earth's surface is 200 W/m2, averaged over a 24-hour day. If the average power requirement in your home is 3 kW and you can convert...

Answered: 1 week ago

Question

★★★★★

Why does helium, released into the atmosphere, eventually disappear into space?

Answered: 1 week ago

Question

★★★★★

In what kinds of situations are you most likely to be assertive? Were there disadvantages for you? Under what conditions is assertiveness advantageous?

Answered: 1 week ago

Question

★★★★★

Use the Six Hats problem-solving method to analyze a conflict you have experienced recently. Be sure to write the names of each hat and the conclusion that perspective brings to you.

Answered: 1 week ago

Question

★★★★★

What are you thinking about when others talk? Do you concentrate on what they are saying or do you think about your own ideas instead? After listening to someone, can you write down most of what that...

Answered: 1 week ago

Previous Question Next Question