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Weekly demand for a certain brand of a golf ball at The Golf Outlet is normally distributed with a mean of 35 and a standard
Weekly demand for a certain brand of a golf ball at The Golf Outlet is normally distributed with a mean of 35 and a standard deviation of 5. The profit per box is $5.00.Excel formula that simulates the weekly profit:
1) = 5 * 35* NORMSINV(RAND())
2) = 5* NORMINV(RAND(),35,5)
3) = 5 * RANDBETWEEN(5, 35)
4) = NORMINV(RAND(), 5 * 35, 5)
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