A newsboy sells newspapers and his goal is to maximize profit. He kept a record of his sales for 125 days with the following result: Newspapers demand per day Number of days 15 10 16 20 17 42 18 31 19 12 20 Total 10 125 His ordering policy is to order an amount each day that is equal to the previous day's demand. A newspaper costs the carrier 50 cents and he sells it for $1.00. Unsold papers are returned and he receives 25 cents (for a loss of 25 cents). Develop the cumulative distribution table and the corresponding random numbers. Newspapers demanded Number of Cumulative Probability Days Probability per day 15 10 16 20 17 42 ? 18 31 19 12 20 10 Total What is the cumulative probability with the mark "?" in the cumulative probability column? 0.20 0.31 0.45 0.58

A newsboy sells newspapers and his goal is to maximize profit. He kept a record of his sales for 125 days with the following result: Newspapers demand per day Number of days 15 10 16 20 17 42 18 31 19 12 20 Total 10 125 His ordering policy is to order an amount each day that is equal to the previous day's demand. A newspaper costs the carrier 50 cents and he sells it for $1.00. Unsold papers are returned and he receives 25 cents (for a loss of 25 cents). Develop the cumulative distribution table and the corresponding random numbers. Newspapers demanded Number of Cumulative Probability Days Probability per day 15 10 16 20 17 42 ? 18 31 19 12 20 10 Total What is the cumulative probability with the mark "?" in the cumulative probability column? 0.20 0.31 0.45 0.58

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 40P

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