The weekly demand for a company's product follows the probability distribution below: Use the following random numbers to simulate the product's demand for the next five weeks: 72, 27, 93, 17, 47.
If the first random number interval begins with 1, then the average weekly demand for the simulated five-week period is
A) 137.50
B) 140.00
C) 142.50
D) 152.50

Question

The weekly demand for a company's product follows the probability distribution below:  Use the following random numbers to simulate the product's demand for the next five weeks: 72, 27, 93, 17, 47.
If the first random number interval begins with 1, then the average weekly demand for the simulated five-week period is
A) 137.50 
B) 140.00 
C) 142.50 
D) 152.50

Quizplus · Accepted Answer

The Answer of The weekly demand for a company's product follows the probability distribution below:  Use the following random numbers to simulate the product's demand for the next five weeks: 72, 27, 93, 17, 47.
If the first random number interval begins with 1, then the average weekly demand for the simulated five-week period is
A) 137.50 
B) 140.00 
C) 142.50 
D) 152.50

The Weekly Demand for a Company's Product Follows the Probability