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Demand for Microwave Ovens -Consider the Demand for Microwave Ovens Dataset

question 64

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Demand for Microwave Ovens  Demand  for  Microwave  Orens  Frequency  of  Dccumrence  in Days  Probability  Cumulative  Frobability  Random  Number  Inferval 02010.00%10.00%0 to 914020.00%30.00%10 to 2927035.00%65.00%30 to 6435025.00%90.00%65 to 894105.00%95.00%90 to 945105.00%100.00%95 to 99\begin{array} { | l | l | l | l | l | } \hline \begin{array} { l } \text { Demand } \\\text { for } \\\text { Microwave } \\\text { Orens }\end{array} & \begin{array} { l } \text { Frequency } \\\text { of } \\\text { Dccumrence } \\\text { in Days }\end{array} & \text { Probability } & \begin{array} { l } \text { Cumulative } \\\text { Frobability }\end{array} & \begin{array} { l } \text { Random } \\\text { Number } \\\text { Inferval }\end{array} \\\hline 0 & 20 & 10.00 \% & 10.00 \% & 0 \text { to } 9 \\\hline 1 & 40 & 20.00 \% & 30.00 \% & 10 \text { to } 29 \\\hline 2 & 70 & 35.00 \% & 65.00 \% & 30 \text { to } 64 \\\hline 3 & 50 & 25.00 \% & 90.00 \% & 65 \text { to } 89 \\\hline 4 & 10 & 5.00 \% & 95.00 \% & 90 \text { to } 94 \\\hline 5 & 10 & 5.00 \% & 100.00 \% & 95 \text { to } 99 \\\hline\end{array}
-Consider the Demand for Microwave Ovens dataset.What is the total demand corresponding to random numbers 11,16,95,83,97,and 77?

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Definitions:

Depreciation Expense

The allocated amount of an asset's cost that is written off as an expense over its useful life, reflecting the consumption of the asset.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life.

Second-Hand Machine

Pertains to machinery that has been previously owned and used, often sold at a lower price compared to new equipment.

Productive Use

Refers to the use of assets or resources in a manner that generates income or value.

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