2 A bakery keeps stock of a popular brand of cakes Previous experience shows the daily demand pattern for the item with associated probabilities, as given Use the following sequence of random numbers to simulate the demand for next 10 days Also find out the average demand per day Daily demand (Nos ...

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2. A bakery keeps stock of a popular brand of cakes. Previous experience shows the daily demand...

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2. A bakery keeps stock of a popular brand of cakes. Previous experience shows the daily demand pattern for the item with associated probabilities, as given:

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Use the following sequence of random numbers to simulate the demand for next 10 days. Also find out the average demand per day

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Quantitative Techniques In Management

ISBN: 99835

4th Edition

Authors: N D VOHRA

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Question Posted: Sep 20, 2024 01:01 AM

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2. A bakery keeps stock of a popular brand of cakes. Previous experience shows the daily demand pattern for the item with associated probabilities, as given: Use the following sequence of random...
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2. A bakery keeps stock of a popular brand of cakes. Previous experience shows the daily demand...

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Daily demand (Nos.): Probability 0 10 20 30 40 50 : 0.01 0.20 0.15 0.50 0.12 0.02

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Quantitative Techniques In Management

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