Question: Please right click the image and open in a new tab if it is too small to see. (a) Conduct a 10-day simulation of this
Please right click the image and open in a new tab if it is too small to see.
(a) Conduct a 10-day simulation of this business. Use the following table of random numbers for demand. (Use the random numbers in order, from left to right.) Use the following table of random numbers for rental length. (Use the random numbers in order, from left to right, top to bottom, as you need them.) (b) If your firm can obtain another car for $200 for 10 days, should you take the extra car? (Give your answer in dollars.) If an additional car is added, the simulated 10-day profit (not including the cost of the extra car) is $ Since this is greater than the original 10-day profit by more v than $200, we should v take the extra car. (a) Conduct a 10-day simulation of this business. Use the following table of random numbers for demand. (Use the random numbers in order, from left to right.) Use the following table of random numbers for rental length. (Use the random numbers in order, from left to right, top to bottom, as you need them.) (b) If your firm can obtain another car for $200 for 10 days, should you take the extra car? (Give your answer in dollars.) If an additional car is added, the simulated 10-day profit (not including the cost of the extra car) is $ Since this is greater than the original 10-day profit by more v than $200, we should v take the extra car
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