Chapter 12 homework

# Chapter 12 homework - b Random Number Price Change Ending...

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Simulation Chapter 12 Homework Solutions 4. a. Sales Interval 0 .00 but less than .01 1 .01 but less than .05 2 .05 but less than .15 3 .15 but less than .40 4 .40 but less than .80 5 .80 but less than .95 6 .95 but less than 1.00 b. 4, 3, 3, 5, 2, 6, 4, 4, 4, 2 37 new accounts c. First-year commission = \$185,000 Cost of 10 seminars = \$35,000 Yes 5. a. Stock Price Change Probability Interval -2 .05 .00 but less than .05 -1 .10 .05 but less than .15 0 .25 .15 but less than .40 +1 .20 .40 but less than .60 +2 .20 .60 but less than .80 +3 .10 .80 but less than .90 +4 .10 .90 but less than 1.00

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Unformatted text preview: b. Random Number Price Change Ending Price Per Share 0.1091-1 \$38 0.9407 +4 \$42 0.1941 \$42 0.8083 +3 \$45 Ending price per share = \$45 Chapter 12 17. The following answers are based on the simulation using Excel’s Random Number Generator with seed = 1234 a. Number of tires > 40,000 = 128, % = 25.6% b. c. Of mileages considered, 30,000 miles should come closest to meeting the tire guarantee mileage guideline. # of tires < 32,000 94 18.8% < 30,000 47 9.4% <28,000 23 4.6%...
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## This note was uploaded on 10/21/2011 for the course TOM 315 taught by Professor Kumar during the Spring '10 term at Cal Poly Pomona.

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Chapter 12 homework - b Random Number Price Change Ending...

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