Question: Exercise Chapter 8 A baker is trying to determine how many dozens of doughnuts to bake each day. The probability distribution of the number of


Exercise Chapter 8 A baker is trying to determine how many dozens of doughnuts to bake each day. The probability distribution of the number of doughnut customers is as follows: Number of customers per day 5 10 15 20 Probability 0.15 0.40 0.35 | 0.10 Customers order 1, 2, 3, or 4 dozen doughnuts according to the following probability distribution: DEMAND PROBABILITY CUMULATIVE PROBABILITY RANDOM NUMBER INTERVAL 5 0.15 0.15 0 - 14 10 0.40 0.55 15-54 15 0.35 0.90 55-89 20 0.10 1.00 90-99 SIMULATION RANDOM NUMBER |DEMAND 6 5 39 10 20 42 10 64 15 90 20 61 15 52 10 70 15 10 36 10 11 36 10 12 31 10 13 92 20 14 49 10 15 91 20 16 23 10 17 4 5 18 5 19 47 10 20 92 20 TOTAL 250 AVERAGE 12.5
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
