Question: Question: i need help for this ques Average daily sales of muffins in Michaels store is 8 units. The actual number of sales each day
Question: i need help for this ques Average daily sales of muffins in Michaels store is units. The actual number of sales each day is either or with probabilities or respectively. The lead time for delivery averages days, although the time may be or days, with probabilities of and Michael plans to place an order wheni need help for this quesAverage daily sales of muffins in Michaels store is units. The actual number of sales each day is either or with probabilities or respectively. The lead time for delivery averages days, although the time may be or days, with probabilities of and Michael plans to place an order when the inventory level drops to units based on the average demand and average lead time Michael orders muffins at a time. The following random numbers have been generated:Set : Set : Use set to generate lead times and set to simulate daily demand. Simulate two weeks and determine how often the shop runs out of stock before an order arrives. Assume beginning inventory of muffins.Use the simulation to calculate the following: compare average demand during simulated period to theoretical averaged demand. Compare average lead time during the simulated period to theoretical average lead time. Calculate average ending inventory and average number of lost sales.
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