We all hate to bring small change to the store. Usingrandom numbers, we can eliminate the need for change andgive the store and the customer a fair shake.a Suppose you buy something that costs $.20. How could you use random numbers (built into the cash reg-ister system) to decide whether you should pay $1.00 or nothing? This eliminates the need for change!b If you bought something for $9.60, how would youuse random numbers to eliminate the need for change?c In the long run, why is this method fair to both thestore and the customer?
We all hate to bring small change to the store. Usingrandom numbers, we can eliminate the need for change andgive the store and the customer a fair shake.a Suppose you buy something that costs $.20. How could you use random numbers (built into the cash reg-ister system) to decide whether you should pay $1.00 or nothing? This eliminates the need for change!b If you bought something for $9.60, how would youuse random numbers to eliminate the need for change?c In the long run, why is this method fair to both thestore and the customer?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter10: Introduction To Simulation Modeling
Section: Chapter Questions
Problem 50P: Big Hit Video must determine how many copies of a new video to purchase. Assume that the companys...
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We all hate to bring small change to the store. Using
random numbers, we can eliminate the need for change and
give the store and the customer a fair shake.
a Suppose you buy something that costs $.20. How
could you use random numbers (built into the cash reg-
ister system) to decide whether you should pay $1.00 or
nothing? This eliminates the need for change!
b If you bought something for $9.60, how would you
use random numbers to eliminate the need for change?
c In the long run, why is this method fair to both the
store and the customer?
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