
Introduction to Management Science 12th Edition by Bernard Taylor
Edition 12ISBN: 978-0133778847
Introduction to Management Science 12th Edition by Bernard Taylor
Edition 12ISBN: 978-0133778847 Exercise 18
The Hoylake Rescue Squad receives an emergency call every 1, 2, 3, 4, 5, or 6 hours, according to the following probability distribution. The squad is on duty 24 hours per day, 7 days per week:
a. Simulate the emergency calls for 3 days (note that this will require a "running," or cumulative, hourly clock), using the random number table.
b. Compute the average time between calls and compare this value with the expected value of the time between calls from the probability distribution. Why are the results different
c. How many calls were made during the 3-day period Can you logically assume that this is an average number of calls per 3-day period If not, how could you simulate to determine such an average

b. Compute the average time between calls and compare this value with the expected value of the time between calls from the probability distribution. Why are the results different
c. How many calls were made during the 3-day period Can you logically assume that this is an average number of calls per 3-day period If not, how could you simulate to determine such an average
Explanation
(a) Use the Excel spreadsheet below to s...
Introduction to Management Science 12th Edition by Bernard Taylor
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