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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)

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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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()) O = NORMINV(RAND(), 5 * 35, 5) O = 5* NORMINV(RAND(), 35, 5)
Transcribed Image Text: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()) O = NORMINV(RAND(), 5 * 35, 5) O = 5* NORMINV(RAND(), 35, 5)
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