Barbara Flynn sells papers at a newspaper stand for $.35. The papers cost her $.25, giving her a $.10 profit on each one she sells. From past experience Barbara knows that:
(a) 20% of the time she sells 100 papers.
(b) 20% of the time she sells 150 papers.
(c) 30% of the time she sells 200 papers.
(d) 30% (of the time she sells 250 papers.
Assuming that Barbara believes the cost of a lost sale to be $.05 and any unsold papers cost her $.25, simulate her profit outlook over 5 days if she orders 200 papers for each of the 5 days. Use the following random numbers: 52, 06, 50, 88, and 53.

  • CreatedJuly 23, 2013
  • Files Included
Post your question