On a good day a distributor will have $5,000 of inventory sales;on a medium day sales of $3,000;on a bad day only $1,000.Suppose you have data on this distributor's sales for the past 100 days and that she had 25 good days,50 medium days and 25 bad days.If you draw a random number to represent her sales for the first simulated day and that number were 89,which of the following were her simulated sales? (Note: arrange the random number interval probability distribution so it starts with a good day at 00 followed by a medium day,etc.
A)$5,000
B)$3,000
C)$2,500
D)$1,000
E)Can not be determined

Question

On a good day a distributor will have $5,000 of inventory sales;on a medium day sales of $3,000;on a bad day only $1,000.Suppose you have data on this distributor's sales for the past 100 days and that she had 25 good days,50 medium days and 25 bad days.If you draw a random number to represent her sales for the first simulated day and that number were 89,which of the following were her simulated sales? (Note: arrange the random number interval probability distribution so it starts with a good day at 00 followed by a medium day,etc. 
A)$5,000
B)$3,000
C)$2,500
D)$1,000
E)Can not be determined

Quizplus · Accepted Answer

The Answer of On a good day a distributor will have $5,000 of inventory sales;on a medium day sales of $3,000;on a bad day only $1,000.Suppose you have data on this distributor's sales for the past 100 days and that she had 25 good days,50 medium days and 25 bad days.If you draw a random number to represent her sales for the first simulated day and that number were 89,which of the following were her simulated sales? (Note: arrange the random number interval probability distribution so it starts with a good day at 00 followed by a medium day,etc. 
A)$5,000
B)$3,000
C)$2,500
D)$1,000
E)Can not be determined

On a Good Day a Distributor Will Have $5,000 of Inventory