Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation?
What is the expected demand?
$$\begin{array} { | c | c | c | c | }
\hline \text { Demand } & \text { Probability } & \begin{array} { c }
\text { Cumulative } \
\text { Probability }
\end{array} & \begin{array} { c }
\text { Interval of Random } \
\text { Numbers }
\end{array} \
\hline 0 & .1 & & \
\hline 1 & .15 & & \
\hline 2 & .4 & & \
\hline 3 & .15 & & \
\hline 4 & .2 & & \
\hline
\end{array}$$

Question

Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation?
 What is the expected demand?
 $$\begin{array} { | c | c | c | c | } 
\hline \text { Demand } & \text { Probability } & \begin{array} { c } 
\text { Cumulative } \
\text { Probability }
\end{array} & \begin{array} { c } 
\text { Interval of Random } \
\text { Numbers }
\end{array} \
\hline 0 & .1 & & \
\hline 1 & .15 & & \
\hline 2 & .4 & & \
\hline 3 & .15 & & \
\hline 4 & .2 & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Suppose the following random numbers (1, 34, 22, 78, 56, 98, 00, 82) were selected during a Monte Carlo simulation that was based on the chart below. What was the average demand per period for the simulation?
 What is the expected demand?
 $$\begin{array} { | c | c | c | c | } 
\hline \text { Demand } & \text { Probability } & \begin{array} { c } 
\text { Cumulative } \
\text { Probability }
\end{array} & \begin{array} { c } 
\text { Interval of Random } \
\text { Numbers }
\end{array} \
\hline 0 & .1 & & \
\hline 1 & .15 & & \
\hline 2 & .4 & & \
\hline 3 & .15 & & \
\hline 4 & .2 & & \
\hline
\end{array}$$

Suppose the Following Random Numbers (1, 34, 22, 78, 56