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Answer to Question #89720 in Economics for AMAR
Question #89720
A shopkeeper keeps stock of a popular brand of bread. Previous experience shows the daily demand pattern for the item with associated probabilities as follows:
Daily Demand : 0 10 20 30 40 50
Probability : 0.02 0.15 0.20 0.12 0.50 0.04
Simulate the demand for next 8 days for the following choice for random numbers
49 19 73 12 39 76 89 65.
Daily Demand : 0 10 20 30 40 50
Probability : 0.02 0.15 0.20 0.12 0.50 0.04
Simulate the demand for next 8 days for the following choice for random numbers
49 19 73 12 39 76 89 65.
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