Suppose the following random numbers (1,34,22,78,56,98,00,82)were selected during a Monte Carlo simulation that was based on the chart below.What was the average demand per period for the simulation? What is the expected demand?
Definitions:
Diapers
Absorbent items worn by infants and young children to contain their waste until they are potty trained.
Drought
A prolonged period of abnormally low rainfall, leading to a shortage of water.
Peanut Crop
the cultivation and production of peanuts, a leguminous plant valued for its edible seeds.
Machine Cost
The total expense involved in purchasing, operating, and maintaining a machine over its useful life.
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