The following probability distribution table represents the daily demand for Trendy Shirts Using the Monte Carlo method and the set of random numbers to answer the question below Demand Probability Cumulative Probability Range of Random Variables 0 0 15 1 0 20 2 0 35 3 0 25 4 0 05 Selected Random Numbers 52, 65, 37, 12, 3, 86, 90, 97, 42, 71 1 Fill in the cumulative probability values in the table above 2 Fill in the ranges of random numbers in the table 3 Calculate the expected average demand of this business 4 Calculate the simulated average 5 Calculate the resulting error

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Question: The following probability distribution table represents the daily demand for Trendy Shirts. Using the Monte-Carlo method and the set of random numbers to answer the

The following probability distribution table represents the daily demand for Trendy Shirts. Using the Monte-Carlo method and the set of random numbers to answer the question below:

Demand	Probability	Cumulative Probability	Range of Random Variables
0	0.15
1	0.20
2	0.35
3	0.25
4	0.05
Selected Random Numbers: 52, 65, 37, 12, 3, 86, 90, 97, 42, 71

1. Fill in the cumulative probability values in the table above?

2. Fill in the ranges of random numbers in the table?

3. Calculate the expected average demand of this business.

4. Calculate the simulated average.

5. Calculate the resulting error.

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