Demand Frequency 23 1 16 2 18 3 43 Random Number Simulated Demand 0.1 0.6 0.4
Demand Frequency 23 1 16 2 18 3 43 Random Number Simulated Demand 0.1 0.6 0.4
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round
intermediate calculations.)
Demand
Frequency
23
1
16
2
18
43
Random Number
Simulated Demand
0.1
0.6
0.4
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