Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer an estimate of how many people will attend

The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer an estimate of how many people will attend the reception so that the appropriate quantity of food is prepared for the buffet. The following table contains information on the number of RSVP guests for the 120 invitations. Unfortunately, the number of guests does not always correspond to the number of RSVPed guests.

Based on her experience, the wedding planner knows it is extremely rare for guests to attend a wedding if they notified that they will not be attending. Therefore, the wedding planner will assume that no one from these 40 invitations will attend. The wedding planner estimates that the each of the 20 guests planning to come solo has a 65% chance of attending alone, a 30% chance of not attending, and a 5% chance of bringing a companion. For each of the 50 RSVPs who plan to bring a companion, there is a 85% chance that she or he will attend with a companion, a 7.5% chance of attending solo, and a 7.5% chance of not attending at all. For the 10 people who have not responded, the wedding planner assumes that there is an 70% chance that each will not attend, a 20% chance each will attend alone, and a 10% chance each will attend with a companion.

RSVPed Guests Number of Invitations

0 40

1 20

2 50

No response 10

a. Assist the wedding planner by constructing a spreadsheet simulation model to determine the expected number of guests who will attend the reception. Round your answer to 2 decimal places.

b.To be accommodating hosts, the couple has instructed the wedding planner to use the Monte Carlo simulation model to determineX, the minimum number of guests for which the caterer should prepare the meal, so that there is at least a 90% chance that the actual attendance is less than or equal toX. What is the best estimate for the value of X? Round your answer to the nearest whole number.

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

Finite Mathematics

Authors: Stefan Waner, Steven Costenoble

6th Edition

1285415604, 9781285415604

More Books

Students also viewed these Mathematics questions

Question

4. Describe the role of narratives in constructing history.

Answered: 1 week ago

Question

1. Identify six different types of history.

Answered: 1 week ago