Hi,
Can someone help me in understanding the solution please?
Janet Jones, an analyst with All Purpose Heater Company, plans to use a Monte Carlo experiment to estimate the simulated daily demand for All Purpose's heaters. The probability distribution for the daily demand for heaters is as follows.
Daily demand Random number
for heaters Probability intervals
0 .10 00-09
1 .15 10-24
2 .20 25-44
3 .20 45-64
4 .25
5 .10
Jones is trying to assign random number intervals for each of the demand levels. She has done so for the first four levels. If a total of 100 two-digit numbers are used in a simulation, what random number intervals should Jones assign to the 4 and 5 heaters demand levels, respectively?
a. 65-69; 70-88.
b. 65-84; 85-99.
c. 65-84; 85-99.
d. 65-89; 90-99.
Thank you,
Yajna
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Yajna Fernando
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