Question: C. Simulation Owning a small bakery, BA202 students wish to determine a policy for managing their red velvet cake inventary. They want to simulate daily

C. Simulation Owning a small bakery, BA202 students wish to determine a policy for managing their red velvet cake inventary. They want to simulate daily demand for a number of days. Examining previous sales data BA202 students come up with the following demand and frequency distributions. Daily Demand Frequency (Days) 0 2 3 4 5 4 6 18 48 20 4 1. Using the previous sales data, please find the probability that the daily demand is equal to 2. 2. What is the cumulative probability that the daily demand is less than and equal to 4. 3. Find the number of intervals which is assigned for demand 3. 4. Find the expected daily demand. 5. Use the following random numbers, estimate the average daily demand for the following 5 days. 4 63 40 1 69 D. Linear Programming Consider this LP formulation: Minimize cost - X+2Y subiect to X +3Y>90 8 X + 2Y2 160 3 X + 2Y 2 120 Ys 70 X,Y20 Graphically illustrate the feasible region, and apply the corner point approach to indicate which corner print produces the optimal solution. What is the cost of this solution

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