Create a Distribution of Random Numbers That Would Result in Average

question 99

Essay

Create a distribution of random numbers that would result in average demand per period for a Monte Carlo simulation that is equivalent to the expected demand per period using the data given by the chart below.
$$\begin{array} { | c | c | c | c | } \hline \text { Demand } & \text { Probability } & \begin{array} { c } \text { Cumulative } \\\text { Probability }\end{array} & \begin{array} { c } \text { Interval of Random } \\\text { Numbers }\end{array} \\\hline 0 &. & & \\\hline 1 & .15 & & \\\hline 2 & .4 & & \\\hline 3 & .15 & & \\\hline 4 & .2 & & \\\hline\end{array}$$

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Definitions:

Mental Age

A measure of an individual's mental ability expressed as the age at which an average individual reaches the same ability.

IQ

Stands for Intelligence Quotient, a measure of a person's cognitive abilities in relation to their age group, usually assessed through standardized tests.

Year-old Child

A term referred to a child who has reached the age of one year, marking a significant milestone in physical and cognitive development.

Emotional Intelligence

The capacity to comprehend, utilize, and control one's emotions constructively to alleviate stress, communicate efficiently, sympathize with others, and surmount obstacles.