Exhibit 12.5 The Following Questions Use the Information Below

question 22

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 is the probability that 3 or more phone calls are received in any hour of operation? Instructions: Answer the following questions using the Analytic Solver Platform Excel add-in.

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Definitions:

Heifetz

A scholar known for his work on adaptive leadership, which emphasizes the importance of leaders encouraging adaptation and learning in the face of change.

Virtue-Based Theories

Ethical theories that focus on the moral character of individuals and the virtues they embody for ethical decision making.

Conduct Of Leaders

This term addresses the actions, behavior, and ethical practices of individuals in leadership positions and their impact on their followers and organization.

Ethical Leadership Perspectives

Views and approaches focusing on leading with moral principles, emphasizing integrity, fairness, and social responsibility.