Chapter7Q01answer - Chapter 7 Question 1 Monochrome Color...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 7 Question 1 Monochrome Color Probability Total profit 0.4 $ Demand = 0 0.2 0.08 0 Demand = 0 0.6 Demand =1 0.12 200 0.4 Demand = 0 0.5 0.2 100 Demand =1 0.6 Demand =1 0.3 300 0.4 Demand = 0 0.3 0.12 200 Demand =2 0.6 Demand =1 0.18 400 a) The tree shows that the probability distribution for profit is: Profit ($) Probability 0 0.08 100 0.20 200 0.12 + 0.12 = 0.24 300 0.30 400 0.18 1.00
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
b) Assignment of random numbers Monochrome Color Demand Prob. Random no. Demand Prob. Random no. per week % range per week % range 0 20 00–19 0 40 00–39 1 50 20–69 1 60 40–99 2 30 70–99 Simulation worksheet Monochrome
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/29/2010 for the course DMVS 324 taught by Professor Muller during the Spring '10 term at Stellenbosch University-South Africa.

Page1 / 2

Chapter7Q01answer - Chapter 7 Question 1 Monochrome Color...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online