Create a Distribution of Random Numbers That Would Result in Average

question 18

Essay

Create a distribution of random numbers that would result in average demand per period for a Monte Carlo simulation that is equivalent to the expected demand per period using the data given by the chart below.

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Definitions:

Research Procedures

Specific methods and practices used in conducting scientific or scholarly investigation.

Social Influence

The effect that the words, actions, or presence of other people have on our thoughts, feelings, attitudes, or behaviors.

Interpersonal

Pertaining to relationships or communication between people.

Cultural Context

The pattern of physical cues, environmental stimuli, and implicit understanding that convey meaning between members of the same culture.