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The owner of Cruz Wedding Photography believes that the average number of wedding bookings per year can be estimated by a triangular distribution with a
The owner of Cruz Wedding Photography believes that the average number of wedding bookings per year can be estimated by a triangular distribution with a minimum of maximum of and most likely value of One of the key variables in developing his business plan is the life he can expect from a single digital singlelens reflex USLK camera before It needs to be replaced. Lue to neavy usage, the shutter lite expectancy is estimated by a normal distribution with a mean of bUU clicks with a standard deviation or UsUU. For each booking, tne average number ot photographs taken is assumed to be normally distributed with a mean of and a standard deviation of Develop a simulation model using trials to determine summary statistics and the distribution of the camera life in years
Determine the mean, standard deviation, minimum, and maximum of the provided sample of simulation trial results.
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