Question: The sales activity at Best Car has changed. Weekly sales are now estimated to be distributed as follows: Weekly sales (cars) Relative Frequency (probability) 0
The sales activity at Best Car has changed. Weekly sales are now estimated to be distributed as follows:
Weekly sales (cars) Relative Frequency (probability)
0 .....................0.02
1 .....................0.03
2 .....................0.05
3 .....................0.10
4 .....................0.15
5 .....................0.30
6 .....................0.20
7 .....................0.10
8 .....................0.05
Total 1.00
Create an Excel model that simulates 500 weeks at best car. It should calculate from the simulated experience the average number of cars and revenue per week and also a frequency table on car sales.
Weekly sales (cars) Relative Frequency (probability)
0 .....................0.02
1 .....................0.03
2 .....................0.05
3 .....................0.10
4 .....................0.15
5 .....................0.30
6 .....................0.20
7 .....................0.10
8 .....................0.05
Total 1.00
Create an Excel model that simulates 500 weeks at best car. It should calculate from the simulated experience the average number of cars and revenue per week and also a frequency table on car sales.
Step by Step Solution
★★★★★
3.43 Rating (181 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Best Car sales activity The spreadsheet follows showing the average sales at 475 cars per week and t... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
227-B-M-L-S-C-M (849).docx
120 KBs Word File
