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Question 2 [ 1 0 ] Statistical analysis of past data for automatic teller machine ( ATM ) withdrawals at a certain bank shows that
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Statistical analysis of past data for automatic teller machine ATM withdrawals at a certain bank shows that the amounts withdrawn per day range between R and R per customer with the following frequencies:
Amount per withdrawal R R R R R
Frequency number of customers per day
Convert the frequency table to a cumulative probability distribution.
Suppose the initial amount of cash available at the ATM on a certain day is R Can the bank expect a shortfall of cash at the ATM on that day?
Simulate cash withdrawal at the ATM for the rst customers of the day and nd the remaining amount of cash at the ATM given that the initial amount for the day is R Use the following Urandom numbers:
U; U; U; U; U; U; U; U; U; U
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