13 14 18 13 B D E F G 7 8 The daily demand for cash at this particular bank follows a normal distribution with daily means 9 and std dev summarized in Table 1. 10 11 Table 1 12 Monday Tuesday Wednesday Thursday Friday Saturday Sunday Mean ($1,000s) 175 120 90 60 120 140 65 Std Dev ($1,000s) 26 9 18 21 9 15 16 1. Suppose the bank manager starts the week with $825,000. Create a model for daily ending 17 balance and use 1,000 simluations to determine the probability of the bank running out of money 18 at some point during the week. 19 20 Number of Trials 21 Number of Stockouts 22 % of Stockout 23 24 25 2. What amount of money is needed at the start of the week so that there is an estiamted 2.0% 26 probability of running out of money? 27 28 Starting Balance 20