Exhibit 12.5 The Following Questions Use the Information Below

question 47

Short Answer

Exhibit 12.5
The following questions use the information below.
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.
-What function should be used for generating random numbers between a and b from a symmetric triangular distribution when the most likely value is (a + b)/2?

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Definitions:

Fairness

The impartial and just treatment or behavior without favoritism or discrimination.

Disparity

Inequality or difference in some respect, often in the context of socioeconomic status, access to healthcare, or treatment within a judicial system.

Informed Consent

A process for getting permission before conducting a healthcare intervention on a person, based on an understanding of the facts and implications of any action.

Competent Patients

Individuals with the capacity to make informed decisions about their own medical treatment.