Develop the Cumulative Distribution Table and the Corresponding Random Numbers

question 41

Essay

Develop the cumulative distribution table and the corresponding random numbers.
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Newspapers } \\\text { demanded } \\\text { per day }\end{array} & \begin{array} { c } \text { Number of } \\\text { Days }\end{array} & \text { Probability } & \begin{array} { c } \text { Cumulative } \\\text { Probability }\end{array} \\\hline 15 & 10 & & \\\hline 16 & 20 & & \\\hline 17 & 42 & & \\\hline 18 & 31 & & \\\hline 19 & 12 & & \\\hline 20 & 10 & & \\\hline \text { Total } & & & \\\hline\end{array}$$

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Definitions:

Manufacturing Overhead Budget

A financial plan detailing the projected or expected indirect costs involved in the manufacturing process, excluding direct labor and materials.

Variable Expenses

Costs that vary directly with the level of production or business activity, such as raw materials and commissions.

Selling and Administrative Expense Budget

A detailed plan that estimates the selling and administrative expenses of a business for a specific period.

Budgeted Sales

The projected amount of sales, in units or currency, expected to be achieved in a specific period, as determined by a company's budget.