A local grocery store observes that on average 4 customers enter the store every 5 minutes during
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A local grocery store observes that on average 4 customers enter the store every 5 minutes during the hour between 5:30 pm and 6:30 pm each day. Use Analysis ToolPak or R, both with a seed of 1, to generate a simulation for a period of 50 days. Report the mean and the standard deviation from the 50 simulations.
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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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