A Lumber Company Sells 8?foot 2x4's to Construction Companies in Three

question 34

Essay

A lumber company sells 8?foot 2x4's to construction companies in three states. They have historical sales demand (in thousands) for the past 26 weeks, as shown below:
$\begin{array}{rll}\text { Historical } & \text { Number of } & \text { Relative } \\\text { Sales }(\$ 000) & \text { Weeks Sold } & \text { Frequency }\\\hline5-10 & 5 & .19 \\11-20 & 7 & .27 \\21-30 & 8 & .31 \\31-40 & 6 & 23\end{array}$ They are interested in determining the average number of sales per category for the next five weeks using simulation. They generated the following random numbers for weeks 1?5 respectively: 63, 13, 67, 50, and 71.
a. Based on a scale of 0-99, what random number range should be allocated to sales category of 11-20?
b. What is the average sales corresponding to week 2?
c. What is the average sales over all five weeks?

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Definitions:

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.

Conscious Recollection

The deliberate and aware process of remembering or bringing an experience or piece of information into one's mind.

Central Executive

A component of working memory model that is responsible for directing attention and coordinating cognitive processes during complex tasks.

Chunking

Organizing items into familiar, manageable units; often occurs automatically.