Use this information and output to answer the following questions.
Rentals-R-Us specializes in 4WD car rentals.The number of rentals per month typically ranges between 10 and 50.You may assume equal probability for the number of rentals to assume any value in that range.The monthly operating costs for Rentals-R-Us can range anywhere from $2,000 to $4,000,with $3,000 being the most probable cost.Each rented vehicle generates $55 in revenues.You decide to build a simulation model in Crystal Ball to simulate monthly profits.
-Refer to the table.What is the appropriate distribution for the variable "Number of car rentals"?
A) continuous uniform
B) discrete uniform
C) normal
D) binomial
E) triangular
Correct Answer:
Verified
Q13: The uniform distribution can be discrete or
Q14: The technique of randomly generating values for
Q15: A five-star hotel accepts 100 room reservations
Q16: Use this information and output to
Q17: The sum of all previous probabilities up
Q19: Use this information and output to
Q20: Use this information and output to
Q21: Use this information to answer the following
Q22: A handyman specializes in fixing plumbing and
Q23: A binomial distribution can yield only two
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents