Consider the probability distribution of the weekly demand for copier paper (in hundreds of reams) used in
Question:
a. Use simulation to generate 500 values of this random variable.
b. Find the mean and standard deviation of the simulated values.
c. Use your simulated values to estimate the probability that weekly copier paper demand is within one standard deviation of the mean. Why is this only an estimate, not an exact value?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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