Suppose you open a small shop and can't pay electronically. There are only four kinds of coins in the cashbox: 25 cents, 10 cents, 5 cents and 1 cent. If you are a salesperson and want to change 41 cents for customers, how can you arrange to give customers the right amount of money and the least number of coins? The idea:Take the coin with largest denomination without exceeding the remaining amount of cents, make the locally best choice at each step.

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter21: Simulation
Section21.5: Simulations With Continuous Random Variables
Problem 7P
icon
Related questions
Question

Suppose you open a small shop and can't pay electronically. There are only four kinds of coins in the cashbox: 25 cents, 10 cents, 5 cents and 1 cent. If you are a salesperson and want to change 41 cents for customers, how can you arrange to give customers the right amount of money and the least number of coins?

The idea:Take the coin with largest denomination without exceeding the remaining amount of cents, make the locally best choice at each step.

Expert Solution
steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Knowledge Booster
Probability Problems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
Computer Science
ISBN:
9780534380588
Author:
Wayne L. Winston
Publisher:
Brooks Cole