Exhibit 12.5 The Following Questions Use the Information Below

question 63

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 from a normal distribution with mean μ and standard deviation σ?

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Definitions:

Telemarketing Scam

A fraudulent activity that involves using telephone communication to deceive people into sending money or revealing personal information.

Violent Crime

Acts of crime that involve force or the threat of force against others, including homicide, assault, and robbery.

Older Adult

Describes an individual who is in the later stage of their life, typically considered to be ages 65 and above.

Fear Of Crime

A psychological phenomenon where individuals experience emotional and psychological distress due to the perceived risk of becoming a victim of crime.