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Barbarn sells papers at a newspaper stand for $0.30 The papers cot a her a 80.15 prat en each one he se From pert erperene Batea n a) 20% of the me she sells 15s0 papers 20% of theme she se 200 papen 3of he me she sels 250 pes 30% of hee she e 300 papes Auming hat Barte beleves e col ofasale $0.06 and any uno papen co her 0 15 and he orde 20 pape Use eoing randomues 0, 2, 1, and 44ring aters pro An duber intervlegine or and ende00 Based on the piven probabity derution andhe ven random umber Barters ales and protare t your pones orsleigers and round a prot onss decinal place Random Numer Sales Profit

Barbarn sells papers at a newspaper stand for $0.30 The papers cot a her a 80.15 prat en each one he se From pert erperene Batea n a) 20% of the me she sells 15s0 papers 20% of theme she se 200 papen 3of he me she sels 250 pes 30% of hee she e 300 papes Auming hat Barte beleves e col ofasale $0.06 and any uno papen co her 0 15 and he orde 20 pape Use eoing randomues 0, 2, 1, and 44ring aters pro An duber intervlegine or and ende00 Based on the piven probabity derution andhe ven random umber Barters ales and protare t your pones orsleigers and round a prot onss decinal place Random Numer Sales Profit

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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Barbara Flynn sells papers at a newspaper stand for $0.30. The papers cost her $0.15, giving her a 80.15 proft on each one she sets. From post experience Barbara knows at a) 20% of the Sime she sells 150 papers b) 20% of he me she sells 200 papes )30% of the time she sells 250 papers 30% of the time she sels 300 papers Asnuming tat Barbera believes the oet of a lost sale to be 10.06 and any unsold papers cost her 10. 15 and she orders 250 paper Use the folowing random numbers: 00, 2.2, 61, and 44 tor simulating Barbara's prot. (Note: Aume he random umber interval begina at Of and ende at 00) Based on the given probablity datribution and the order sie, for the given random number Barbera's ales and proft are (wer your reaponses kor sales a inegers and round all proft pones o hwa decimal piaoe Random Number Sales Profit 50
Transcribed Image Text:Barbara Flynn sells papers at a newspaper stand for $0.30. The papers cost her $0.15, giving her a 80.15 proft on each one she sets. From post experience Barbara knows at a) 20% of the Sime she sells 150 papers b) 20% of he me she sells 200 papes )30% of the time she sells 250 papers 30% of the time she sels 300 papers Asnuming tat Barbera believes the oet of a lost sale to be 10.06 and any unsold papers cost her 10. 15 and she orders 250 paper Use the folowing random numbers: 00, 2.2, 61, and 44 tor simulating Barbara's prot. (Note: Aume he random umber interval begina at Of and ende at 00) Based on the given probablity datribution and the order sie, for the given random number Barbera's ales and proft are (wer your reaponses kor sales a inegers and round all proft pones o hwa decimal piaoe Random Number Sales Profit 50
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