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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
Answer
This answer is hidden. It contains 1 characters.
Related questions
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