Question: urgent Question1: (10 pts) The following probability distribution table represents the monthly demand for Lenovo Ideapad laptops in a computer store in the past year.
Question1: (10 pts) The following probability distribution table represents the monthly demand for "Lenovo Ideapad" laptops in a computer store in the past year. 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 0.08 1 0.17 2 0.35 3 0.25 4 0.10 5 0.05 Selected Random Numbers: 62, 67, 39, 22, 53, 76, 97, 87, 51, 71, 16, 23, 44, 62, 78 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. (1 pt) (1 pt) (3 pts) (3 pts) (2 pts)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
