# The Paymore Rental Car Agency rents cars in a small town. It wants to determine how many

## Question:

Number of Customers/Day . Probability

0 ...... .20

1 ...... .20

2 ........ .50

3 ........ .10

1.00

Rental Duration (days) .. Probability

1 ......... .10

2 ......... .30

3 ......... .40

4 ......... .10

5 ......... .10

1.00

Design a simulation experiment for the car agency and simulate using a fleet of four rental cars for 10 days. Compute the probability that the agency will not have a car available upon demand. Should the agency expand its fleet? Explain how a simulation experiment could be designed to determine the optimal fleet size for the Paymore Agency.

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