Answer to Question #86578 in Statistics and Probability for Anand

Question

A bakery keeps a stock of a popular brand of bread. Previous experience indicates
the daily demand as given below:
Daily Demand Probability
0 0.01
10 0.20
20 0.15
30 0.50
40 0.12
50 0.02


Consider the following sequence of random numbes:
48, 78,19, 51, 56, 77, 15, 14, 68, 09
Using this sequence, simulate the demand for the next 10 days.

Answer 1

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