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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?
Constraint Theories
Identify the social factors that impose deviance and crime (or conventional behavior) on people.
Motivational Theories
A set of theories that explain what drives individuals to initiate, direct, and persist in behaviors aimed at achieving personal goals.
Criminal Behavior
Activities that violate the laws of a society and are subject to sanctions from legal institutions.
Drug Control
The regulation, legislation, and policies designed to reduce the supply of and demand for illegal drugs and control the use of legal drugs.
Q12: In the United States, the crime of
Q39: Refer to Exhibit 11.8. What formula should
Q41: Refer to Exhibit 11.15. What is the
Q42: A project plan is established<br>A) before project
Q68: The determination of the MSE-minimizing value of
Q69: The spreadsheet model for Sal, from Exhibit
Q75: Why would a manager be interested in
Q81: Refer to Exhibit 11.4. What formula should
Q98: The decision with the smallest expected opportunity
Q121: Refer to Exhibit 11.5. What formula should