Question

A retail store experiences the following probability distribution for sales of a product. Sales (units) 0...

A retail store experiences the following probability distribution for sales of a product.

Sales (units) 0 1 2 3 4 5 6

Probability 0.08 0.12 0.28 0.24 0.14 0.10 0.04

a)

The CUMULATIVE probability for the sales to be less than or equal to 2 is ?

b)

The CUMULATIVE probability for the sales to be less than or equal to 5 is ?

c)

Suppose the random numbers generated for the first 10 days of a simulation are as follows:

0.4627, 0.8745, 0.4479, 0.6712, 0.4557, 0.8435, 0.2162, 0.1699, 0.1338, 0.2278.

Thus, the sales value generated for Day 2 will be?

d)

The simulated sales value for Day 10 will be?

e)

What are the total simulated sales over the 10-day period?

Math   Statistics-And-Probability   
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