Monthly demand for a 60 TV at a local appliance store is normally distributed with a mean
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Monthly demand for a 60" TV at a local appliance store is normally distributed with a mean of 11 units and standard deviation of 4.17 units. Use Analysis ToolPak or R, both with a seed of 1, to develop a simulation for 300 months and report the mean and the range of the demand for the TV.
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Using Excel The average demand 110259 units Standard deviation ...View the full answer
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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