The Owner of Sal's Italian Restaurant Wants to Study the Growth

question 30

Short Answer

The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.

-The spreadsheet model for Sal, from Exhibit 12.5, has been run 300 times to produce the following output. What is the best case scenario for Sal based on this output?

Understand the impact of education on discussions and decisions regarding family planning.

Identify the misconceptions and truths about the effects of sterilization on sexual and reproductive health.

Be familiar with the statistical and demographic profiles of abortion seekers.

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Definitions:

Evaluating

The process of assessing or judging the value, nature, character, or quality of something through careful consideration and analysis.

Trial-and-Error

A problem-solving method involving repeated, varied attempts to find a solution, learning from the failures along the way.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, often used in mathematics and computer science.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.