A small vendor has either a good day of sales with an, Ask an Expert

Management Studies

A small vendor has either a good day of sales with an average of $1,000 or a bad day with an average of only $500 for the day. To simulate these outcomes, random numbers from 00 to 99 should be assigned with the intervals determined from the frequency distribution. If, during the last 100 days, the vendor had 27 good days and 73 bad days, what is the correct random-number interval for a bad day?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91880980

Have any Question?Write your Review or question?

Related Questions in Operation Management

Skyline preparatory high for girls is an elite prep school

Skyline Preparatory High for Girls is an elite prep school with 47 faculty and staff members on the payroll. Jamie Davis, a two-year English instructor, becomes pregnant. She is not married. She is a slim woman who is no ...

1 find an example of a company that launched a new consumer

1. Find an example of a company that launched a new consumer product within the past 5 years. And explain how the company implemented the 4 P'S (product, promotion, price, place) in launching the product and report on th ...

Entrepreneurship generally means that a certain level of

Entrepreneurship generally means that a certain level of innovation is involved. This doesn't mean simply creating new products or services, but it can also be developing new ways of doing existing activities. Innovation ...

An automatic filling machine is used to fill 1-liter

An automatic filling machine is used to fill 1-liter bottles of cola. The machine's output is approximately normal with a mean of 1.00 liter and a standard deviation of 0.01 liter. Output is monitored using means of samp ...

1 design an effective and creative marketing communication

1. Design an effective and creative marketing communication (print advertisement) of your own, for Pepsi any one of its products for the chosen target market. 2. A well-written report would contain the following elements ...

For your final paper pick one of the following departmentsa

For your final paper, pick one of the following departments: A Manufacturing Department producing widgets with an internal production rejection rate of 2% and a return within warranty period of 5%. A Service Department w ...

You have been tasked with figuring out what the optimal

You have been tasked with figuring out what the optimal percentage of understock is during lead time. Your boss is still miffed about stocking out 50%. You have figured out the following data: The cost of your product is ...

1 list the importance of 3d printer on socety and human

1. List the importance of 3D printer on socety and human history (particulary during the moment when it emerged). How was shaped by its historical context (choose 2 from: cultural / political / economic / social)? 2. Bei ...

The red hen company is launching its new food for sale in

The Red Hen company is launching its new food for sale in supermarkets throughout Michigan. The sales department is convinced that its spicy chicken soup will be a great success. The marketing department is considering a ...

Assignment prompt white paperoverviewthe final step in the

ASSIGNMENT PROMPT: White Paper Overview: The final step in the design thinking process is to establish a prototype of our solution to start to get some feedback on its effectiveness to determine whether or not to move fo ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert