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Homework (WK8) - Sales Random Number Probability Daily...

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Week 8 CH19A, Pg 676, P14 The daily demand for a high-energy drink from a given vending machine is either 20, 21, 22, or 23 with probabilities 0.4, 0.3, 0.2, or 0.1, respectively. Assume the following random numbers have been generated: 08, 54, 74, 66, 52, 58, 03, 22, 89, and 85. Using these numbers, generate the daily drink sales for 10 days. From the above figure we can calculate Average daily Drink Sales Average daily Drink Sales = 08+54+74+66+52+58+03+22+89+85 10 Hence the Simple average daily drink sales is 51.1 per day From the above figure we can calculate Average daily Drink Sales on probabilities but here not mentioned 10 days probabilities but assuming 1/10= 0.10 for every day Random Number Probability Daily Drink
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Unformatted text preview: Sales Random Number Probability Daily Drink Sales Random Number Probability Daily Drink Sales 8 0.1 0.8 8 0.2 1.6 8 0.3 2.4 54 0.1 5.4 54 0.2 10.8 54 0.3 16.2 74 0.1 7.4 74 0.2 14.8 74 0.3 22.2 66 0.1 6.6 66 0.2 13.2 66 0.3 19.8 52 0.1 5.2 52 0.2 10.4 52 0.3 15.6 58 0.1 5.8 58 0.2 11.6 58 0.3 17.4 3 0.1 0.3 3 0.2 0.6 3 0.3 0.9 22 0.1 2.2 22 0.2 2.2 22 0.3 6.6 89 0.1 8.9 89 0.2 17.8 89 0.3 26.7 85 0.1 8.5 85 0.2 17 85 0.3 25.5 511 51.1 511 100. 511 153.3 Random Number Probability Daily Drink Sales 8 0.4 3.2 54 0.4 21.6 74 0.4 29.6 66 0.4 26.4 52 0.4 20.8 58 0.4 23.2 3 0.4 1.2 22 0.4 8.8 89 0.4 35.6 85 0.4 34. 511 204.4 Reference: Operations & Supply Management, Jacobs, Chase & Aquilano, Chapter 19A, Pages 667-669...
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