Use the information and random numbers given in the table below to simulate the sale of newspapers for 10 days.
$$\begin{array} { | c | c | c | c | c | c | c | }
\hline \text { Day } & \text { Demand } & \begin{array} { c }
\text { Random } \
\text { Number }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Ordered }
\end{array} & \text { Sales } & \begin{array} { c }
\text { Unsatisfied } \
\text { Demand }
\end{array} & \begin{array} { c }
\text { Unsold } \
\text { Papers }
\end{array} \
\hline 1 & & .78 & 18 & & & \
\hline 2 & & .43 & & & & \
\hline 3 & & .93 & & & & \
\hline 4 & & .87 & & & & \
\hline 5 & & .48 & & & & \
\hline 6 & & .84 & & & & \
\hline 7 & & .87 & & & & \
\hline 8 & & .27 & & & & \
\hline 9 & & .20 & & & & \
\hline 10 & & .52 & & & & \
\hline
\end{array}$$
After completing the simulation, determine his total revenue for the ten days as well as monetary losses that result from unmet demand and unsold papers.

Question

Use the information and random numbers given in the table below to simulate the sale of newspapers for 10 days.
 $$\begin{array} { | c | c | c | c | c | c | c | } 
\hline \text { Day } & \text { Demand } & \begin{array} { c } 
\text { Random } \
\text { Number }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Ordered }
\end{array} & \text { Sales } & \begin{array} { c } 
\text { Unsatisfied } \
\text { Demand }
\end{array} & \begin{array} { c } 
\text { Unsold } \
\text { Papers }
\end{array} \
\hline 1 & & .78 & 18 & & & \
\hline 2 & & .43 & & & & \
\hline 3 & & .93 & & & & \
\hline 4 & & .87 & & & & \
\hline 5 & & .48 & & & & \
\hline 6 & & .84 & & & & \
\hline 7 & & .87 & & & & \
\hline 8 & & .27 & & & & \
\hline 9 & & .20 & & & & \
\hline 10 & & .52 & & & & \
\hline
\end{array}$$ 
After completing the simulation, determine his total revenue for the ten days as well as monetary losses that result from unmet demand and unsold papers.

Quizplus · Accepted Answer

The Answer of Use the information and random numbers given in the table below to simulate the sale of newspapers for 10 days.
 $$\begin{array} { | c | c | c | c | c | c | c | } 
\hline \text { Day } & \text { Demand } & \begin{array} { c } 
\text { Random } \
\text { Number }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Ordered }
\end{array} & \text { Sales } & \begin{array} { c } 
\text { Unsatisfied } \
\text { Demand }
\end{array} & \begin{array} { c } 
\text { Unsold } \
\text { Papers }
\end{array} \
\hline 1 & & .78 & 18 & & & \
\hline 2 & & .43 & & & & \
\hline 3 & & .93 & & & & \
\hline 4 & & .87 & & & & \
\hline 5 & & .48 & & & & \
\hline 6 & & .84 & & & & \
\hline 7 & & .87 & & & & \
\hline 8 & & .27 & & & & \
\hline 9 & & .20 & & & & \
\hline 10 & & .52 & & & & \
\hline
\end{array}$$ 
After completing the simulation, determine his total revenue for the ten days as well as monetary losses that result from unmet demand and unsold papers.

Use the Information and Random Numbers Given in the Table