Use the following information to answer the questions below The demand for a STA

Question

Use the following information to answer the questions below The demand for a STAT201 Textbook from an online bookstore is observed to be the following during the historical data of last semesters Demand Per Frequency week) Probability of occurrence Cumulative probability Interval for random numbers 0 5 2 4 6 Total 16 1. Set up the pobability and cumulative probability distribution for the textbook demand (round the cumulative probabilities to 2 decimal digits) 2. Etablish random number intervals for the variable and calculate the average demand over 5 weeks period using the random numbers 15, 84, 23, 42, 67 Week Random Number Simulated Demand 41 aall

Explanation / Answer

Answer for 1) Demand (Per week) Frequency Probability of Occurrence Cumulative Probability Interval for random number 0 5 0.31 0.31 0-30 1 3 0.19 0.50 31-49 2 2 0.13 0.63 50-62 3 1 0.06 0.69 63-67 4 2 0.13 0.81 68-80 5 2 0.13 0.94 81-93 6 1 0.06 1.00 94-100 Total 16 1 Answer for 2) Week Random number Simulated demand 1 15 0 2 84 5 3 23 0 4 42 1 5 67 3

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