The Weekly Demand for a Company's Product Follows the Probability

question 15

Multiple Choice

The weekly demand for a company's product follows the probability distribution below:

Use the following random numbers to simulate the product's demand for the next five weeks: 72,27,93,17,47.
If the first random number interval begins with 1 then the average weekly demand for the simulated five week period is

• A)137.50.
• B)140.00.
• C)142.50.
• D)152.50.

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Definitions:

Making Money

The process of earning a profit or revenue, typically through business activities, employment, or investments.

Nonprofit Organization

An entity that operates for a purpose other than to make profits for its owners, often focused on social, charitable, or community goals.

For-Profit Organization

An organization that operates with the main goal of making a profit, typically by selling goods or services.

Privately Owned

property or businesses solely owned by individuals or private entities, not controlled by the government or public sector.