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Complete the Following Table in Preparation for a Monte Carlo

question 50

Essay

Complete the following table in preparation for a Monte Carlo simulation. The expected demand is 8.
 Demand  Probability  Cumulative  Probability  Interval of Random  Numbers 0.22214034485100\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 & & .2 & \\\hline 2 & & & 21 - 40 \\\hline 3 & & 4 & \\\hline 4 & & & \\\hline & & & 85 - 100 \\\hline\end{array}


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Owners

Individuals or entities that hold legal possession and control over a business or asset, having a claim on the business's profits and an obligation for its debts.

Corporation

A legal entity that is separate and distinct from its owners, who are known as shareholders, and has its own rights and obligations.

Financial Reports

Documents that provide an overview of a company's financial condition, including income statements, balance sheets, and cash flow statements.

Timeliness

The importance of making or delivering something within an expected time frame for it to be relevant or useful.

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