Susan Winslow Has Two Alternative Routes to Travel from Her

question 49

Essay

Susan Winslow has two alternative routes to travel from her home in Olport to her office in Lewisburg.She can travel on Freeway 5 to Freeway 57 or on Freeway 55 to Freeway 91.The time distributions are as follows: Do a five-day simulation of each of the two combinations of routes using the random numbers below.Based on this simulation,which routes should Susan take if her objective is to minimize her total travel time? $$\begin{array} { l l l l l l } \text { Freeway 5 } & 63 & 88 & 55 & 46 & 55 \\\hline \text { Freeway 57 } & 59 & 09 & 57 & 87 & 07 \\\hline \text { Freeway 55 } & 71 & 95 & 83 & 44 & 34 \\\hline \text { Freeway 91 } & 51 & 79 & 09 & 67 & 15\end{array}$$

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Definitions:

Electronic Communications Networks

Digital systems that match buyers and sellers for trading securities, bypassing traditional stock exchanges.

TSX Exchange

The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada, where securities like stocks, bonds, and other financial instruments are bought and sold.

Trading Floor

The physical location where traders buy and sell securities, such as stocks or futures, within a financial exchange setting.

Leaving Money on the Table

A term used in finance and economics indicating a situation where less profit is made from a deal than what could have been made.