7. A small retailer has studied the weekly receipts and payments over the past 200 weeks and has developed the following set of information:

Using the following sequence ofrandom numbers, simulate the weekly pattern ofreceipts and payments for the 12 weeks of the next quarter, assuming further that the beginning bank balance is Rs 8,000. What is the estimated balance at the end of the 12 weekly period? What is the highest weekly balance during the quarter? What is the average weekly balance for the quarter?

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Weekly receipts (Rs) Probability Weekly payment (Rs) Probability 3,000 0.20 4,000 0.30 5,000 0.30 6,000 0.40 7,000 0.40 8,000 0.20 12,000 0.10 10,000 0.10