Suppose the following random numbers (1, 34, 22, 48, 56, 68, 00, 78) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation? What is the expected demand?
Definitions:
Segmented Income Statement
A segmented income statement breaks down the financial performance of different segments of a business, such as departments or product lines, to analyze each segment's profitability.
Contribution Format
A type of income statement format that separates fixed from variable costs, highlighting the contribution margin.
Fibers Segment
A specific division or part of a company that deals with the production or sale of fibers, often within the textile industry.
Feedstocks Segment
This term refers to a division within a company or industry that deals with raw materials used for the production of chemical products or fuels.
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