Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Simulation output The following are the statistics calculated from the Micromedia simulation outputs. You can download it in the pdf format: Micromedia simulation output statistics.pdf.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Simulation output The following are the statistics calculated from the Micromedia simulation outputs. You can download it in the pdf format: Micromedia simulation output statistics.pdf. Answer the questions based on the following statistics. Micromedia Simuation Output Statistics Reserved computers 20 25 30 35 10 45 Mear $576.00 $1,186.73 $2,628.00 $3,669.30 $4, 046.18 $4,086.23 Median $0.00 $2,400.00 $4,800.00 $6,000.00 $5,400.00 $5,400.00 Min $27,600.00 $31,200.00 $27,600.00 $29,400.00 $29,400.00 $34,800.00 Max So.0 $2,400.00 $4,800.00 $7,200.00 $9,600.00 $12,000.00 Percentiles 0.05 $4,200.00 -$4,800.00 -$5,400.00 $6,000.00 $6,600.00 $7,200.00 0.25 $0.00 $2,400.00 $1,200.00 $1,200.00 $600.00 $0.00 0.75 SO.0 $2,400.00 $4,800.00 $7,200.00 $9,600.00 $9,000.00 0.99 $0.00 $2,400.00 $4,800.00 $7,200.00 $9,600.00 $12,000.00 Probability >=0 0.858625 0.834375 0.80675 0.795 0.77275 0.754125 >=4000 0.6635 0.63975 0.60575 0.579625 Reserved computers = 30 Reserved computers = 35 Reserved computers = 40 Reserved computers = 4515000 10000 5000 X X X Reserved computers = 20 -5000 Reserved computers = 25 -10000 Reserved computers = 30 -15000 Reserved computers = 35 -20000 Reserved computers = 40 -25000 Reserved computers = 45 -30000 -35000 -40000Select all true statements. O The mean profit of Micromedia is about $3,700 if they reserved 35 computers. The worst possible profit happens when they reserve 25 computers. O There is 50% chance that the profit will be at least $6,000 if they reserve 35 computers. O There is not much difference between the mean profits if they reserve 40 or 45 computers.Select all true statements. C The best maximum profit is achieved by reserving 45 computers. If 20 computers are reserved, the best profit they can get is always $0. O The probability of making less than $5,400 is higher when they reserve 40 computers than when they reserve 45 computers. C The best mean profit is achieved by reserving 45 computers.If they reserve 40 computers, the probability of making more than $9,600 is Your Answer: :] Answer About 5% of the time, the profit will be less than or equal to ___ if they reserve 20 computers. Your Answer: :] The probability of making more than $4,000 is ___ if they reserve 40 computers. Your Answer: AnswerAccording to the boxplot and histograms, which number of reserved computers show highest variations in the profit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Essentials Of Measure Theory

Authors: Carlos S Kubrusly

1st Edition

3319225065, 9783319225067

More Books

Students also viewed these Mathematics questions

Question

Why is a barrier islands lagoon usually a quiet environment?

Answered: 1 week ago