Solved

A Lumber Company Sells 8-Foot 2x4's to Construction Companies in Three

Question 15

Essay

A lumber company sells 8-foot 2x4's to construction companies in three states.They have historical sales demand (in thousands) for the past 26 weeks, as shown below:
A lumber company sells 8-foot 2x4's to construction companies in three states.They have historical sales demand (in thousands) for the past 26 weeks, as shown below:     They are interested in determining the average number of sales per category for the next five weeks using simulation.They generated the following random numbers for weeks 1-5 respectively: 63, 13, 67, 50, and 71.  a.Based on a scale of 0-99, what random number range should be allocated to sales category of 11-20? b.What is the average sales corresponding to week 2? c.What is the average sales over all five weeks? They are interested in determining the average number of sales per category for the next five weeks using simulation.They generated the following random numbers for weeks 1-5 respectively: 63, 13, 67, 50, and 71.
a.Based on a scale of 0-99, what random number range should be allocated to sales category of 11-20?
b.What is the average sales corresponding to week 2?
c.What is the average sales over all five weeks?

Correct Answer:

verifed

Verified

a. blured image b. blured image c.Average sa...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions