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:

Appeal to Majority

A logical fallacy where the popularity of an idea is used as evidence of its truth or correctness.

Argument

A set of statements or reasons put forth to support a conclusion.

Fallacy

An error in reasoning that renders an argument invalid or unsound, often due to misleading premises or irrelevant considerations.

Life on Mars

The hypothesis or scientific inquiry into the potential existence of life, past or present, on the planet Mars.