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Q 5 A - A local manufacturing plant produces a variety of products. The distribution of the total monthly demand is shown in the table
QAA local manufacturing plant produces a variety of products. The distribution of the total monthly demand is shown in the table below. Depending on conditions, the average manufacturing cost per item is between $ and $uniform in integer values and returns from distributors are also uniform, between and of manufacturing costs. There is a fixed cost of $ month for tooling, processing, etc. Build a simulation to estimate the average monthly profit.
tableDemandProbability
You will get a different value every time you run the simulation. You need to use DATA table to make runs, then find confidence interval for the profit expected.
QB Generate samples from a Triangular distribution with parameters using any method you like BUT do not use a builtin Triangular distribution function.
Plot the resulting values to confirm it is Triangular.
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