The daily demand for tuna sandwiches at a Roosevelt University cafeteria vending machine is 8, 9, 10, or 11, with probabilities 0.4, 0.3, 0.2, or 0.1, respectively. Assume the following random numbers have been generated: 09, 55, 73, 67, 53, 59, 04, 23, 88, and 84. Using these numbers, generate daily sandwich sales for 10 days.
Answer to relevant QuestionsThe number of machine breakdowns per day at Kristen Hodge’s factory is either 0, 1, or 2, with probabilities 0.5, 0.3, or 0.2, respectively. The following random numbers have been generated: 13, 14, 02, 18, 31, 19, 32, 85, ...A warehouse manager at Mary Beth Marrs Corp. needs to simulate die demand placed on a product that does not fit standard models. The concept being measured is “demand during lead time,” where both lead time and daily ...Taboo Tattoo and Tanning has two tanning teds. One bed serves the company’s regular members exclusively. The second bed serves strictly walk-in customers (those without appointments) on a first-come, first-served basis. ...Define mission?Explain why such forecasting devices as moving averages, weighted moving averages, and exponential smoothing are not well suited for data series that have trends.
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