Use the Table Below to Answer the Following Question(s)

question 2

Multiple Choice

Use the table below to answer the following question(s) .
Below is a spreadsheet for Stone Age Surfboards.

Assume that the finishing time for a pair of Rockwell surfboards is triangular with a minimum value of 1.4, a most likely value of 1.5, and a maximum value of 1.8 and that finishing time for a pair of Limestone surfboards is also triangular with a minimum value of 1.8, a most likely value of 2.0, and a maximum value of 2.4.The number of trials per simulation is equal to 5000.
-What is the mean absolute deviation obtained from the simulation results?

• A)1.25
• B)0.65
• C)0.24
• D)0.99

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Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated as the sum of beginning inventory plus purchases minus cost of goods sold.

Minimum Cash Balance

The lowest amount of cash a company aims to maintain on hand to meet immediate needs and navigate through unforeseen expenditures.

Expected Cash Disbursements

Amounts of cash a company anticipates paying out over a specified period, often related to its operating expenses and investments.

Budgeted Accounts Receivable

The projected amounts to be received by a company for goods or services offered on credit, as estimated during the budgeting process.