A factory is manufacturing TVs. The amount of TV manufactured each week is normallydistributed with mean 200, and standard deviation 20. Each week, the factory receives an orderfrom a private retail partner in Australia. The orders from the private retail partner in Australiacan only be 10, 20, 30 or 40, which follows the following empirical distribution:Order Amount 10 20 30 40Probability15% 23% 27% 35%The remaining inventory (i.e., the difference between the manufactured amount and the orderquantity from the Australian retail partner) can be sold to retailers in Europe. For planningpurposes, the operations manager would like to estimate the amount that the factory could sellto European retailers each week.Please create a spreadsheet model to simulate the amount of the TVs that the factory could sellto European retailers for the first 100 weeks and run the simulation 200 times. Please alsoprovide a screenshot of your model or freeze the random numbers. What's the mean andstandard deviation of the amount of the TVs that could be sold to European retailers eachweek?

Answered: A factory is manufacturing TVs. The…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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