1- Demand for a new working out product of Sportex during the last 90 days is shown in the below table. Use Excel to simulate the next 50 demands and compute the simulated average demand and expected value based on the discrete probability distribution. Demand (in thousands) Frequency 10 10 12 10 15 30 20 20 30 15 5 40

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.CR: Chapter 13 Review
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1- Demand for a new working out product of Sportex during the last 90 days is shown in the
below table. Use Excel to simulate the next 50 demands and compute the simulated
average demand and expected value based on the discrete probability distribution.
Demand (in thousands)
Frequency
10
10
12
10
15
30
20
20
30
15
40
5
Transcribed Image Text:1- Demand for a new working out product of Sportex during the last 90 days is shown in the below table. Use Excel to simulate the next 50 demands and compute the simulated average demand and expected value based on the discrete probability distribution. Demand (in thousands) Frequency 10 10 12 10 15 30 20 20 30 15 40 5
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