Weekly demand for a certain brand of a golf ball at The Golf Outlet is normally distributed with a mean of 35 and a standard deviation of 5. The profit per box is $5.00. Write an Excel formula that simulates the weekly profit: O 5 RANDBETWEEN(5, 35) O 5 35 NORMSINV(RAND()) ONORMINV(RAND(), 5.35, 5) O=5° NORMINV(RAND(), 35, 5)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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**Question:**
Weekly demand for a certain brand of a golf ball at The Golf Outlet is normally distributed with a mean of 35 and a standard deviation of 5. The profit per box is $5.00. Write an Excel formula that simulates the weekly profit:

**Options:**
1. ⃝ = 5 * RANDBETWEEN(5, 35)
2. ⃝ = 5 * 35 * NORMSINV(RAND())
3. ⃝ = NORMINV(RAND(), 5 * 35, 5)
4. ⃝ = 5 * NORMINV(RAND(), 35, 5)
Transcribed Image Text:**Question:** Weekly demand for a certain brand of a golf ball at The Golf Outlet is normally distributed with a mean of 35 and a standard deviation of 5. The profit per box is $5.00. Write an Excel formula that simulates the weekly profit: **Options:** 1. ⃝ = 5 * RANDBETWEEN(5, 35) 2. ⃝ = 5 * 35 * NORMSINV(RAND()) 3. ⃝ = NORMINV(RAND(), 5 * 35, 5) 4. ⃝ = 5 * NORMINV(RAND(), 35, 5)
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