Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. 1 000 simulate this model for 50 trials and a prod

1 000 Simulate this model for 50 trials and a production quantity of 140 What...

50.1K

Verified Solution

Question

Statistics

image

1 000 Simulate this model for 50 trials and a production quantity of 140 What is the average profit proposal and determine a distribution of profits using the provided discrete distributions for the unit cost demand and fixed costs Price is fixed at Click here to view the discrete distributions Click here to view a sample of 50 simulation trial results Set up a lookup table for the unit cost Type integers or decimals Do not round Use ascending order Unit Cost Probability Lower Limit Upper Limit 400 0 25 600 0 35 700 0 20 800 0 20 400 600 700 800 Discrete Distributions Unit Cost Probability 400 0 25 600 700 800 Demand 120 140 160 0 35 0 20 0 20 45 000 50 000 55 000 Probability 0 25 0 55 0 20 Fixed Costs Probability 0 25 0 50 0 25 X Simulation Results 42 000 29 000 1 000 42 000 9 000 14 000 42 000 39 000 17 000 19 000 47 000 9 000 19 000 19 000 29 000 3 000 27 000 19 000 3 000 19 000 Print 11 000 9 000 6 000 22 000 29 000 22 000 22 000 13 000 34 000 3 000 8 000 19 000 28 000 19 000 29 000 22 000 22 000 11 000 8 000 22 000 Done 11 000 6 000 13 000 22 000 19 000 27 000 17 000 17 000 13 000 6 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please show all work! thanks! A 80.0 cm long guitar string has mass of 75.0g and it is...

Physics
Q

Given the following supply and demand equations, solve the following supply: p=q Demand: p=200-p a) What is the market...

Economics
Q

A circular disc of diameter d lies horizontally inside a metallic hemisphere bowl of radius...

Physics
Q

What is the exact value of tan 30 Enter your answer as a fraction in...

Geometry
Q

Your car radiator can hold 20 liters of fluid. Many automotive stores sell jugs of...

Basic Math
Q

Obama in 2010 was the most significant regulatory reform of the United States healthcare system...

Statistics
Q

Metric System Convert the given quantity to 24 6 ml to fluid ounces

Calculus
Q

The Accounting profession (e.g., E\&Y) expects accountants to master skills of...

Accounting
Q

Botosan Factory has budgeted factory overhead for the year at $621,105,...

Accounting
Q

Chec Problem 6-23 Absorption and Variable Costing: Production Constant, Sales Fluctuate [LO6-1, L062, LO6-3] Tami's...

Accounting
Q

For each of the following annuities, calculate the annual cash flow: Note: Do not round...

Accounting
Q

Howard and Rose are in their retirement and have 3 kids that are now independent...

Finance