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:

Primary Drivers

The main factors or forces that cause a particular outcome or condition.

Solar Energy

Power obtained by harnessing the energy of the sun's rays, considered a clean and renewable source of energy.

Condensation Nuclei

Tiny particles in the atmosphere on which water vapor condenses to form clouds and precipitation.

Carbon Monoxide

A colorless, odorless, and toxic gas produced by incomplete combustion of carbon-containing materials.