Exhibit 12.5 The Following Questions Use the Information Below

question 2

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 1 and 12 from a continuous uniform distribution?

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Definitions:

Standardized Intelligence Tests

Tests designed to systematically measure and compare individuals' cognitive abilities in a consistent and controlled manner across a population.

Sprouting

The beginning of growth in plants, referring to the process where new shoots emerge from seeds, extending to similar processes in neurons.

New Memories

The process by which experiences are encoded, stored, and retrieved as fresh mental representations in the brain.

Calories

Units of energy used to measure the energy content of foods and beverages, essential for human survival but excessive intake can lead to weight gain.