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  • 1.  Question

    Posted 10-04-2019 04:14 PM

    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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  • 2.  RE: Question

    Posted 10-06-2019 12:35 PM
    Answer d seems the most plausible answer here. On point 5 the daily demand for heaters is 10, the same as in point 0. Here the assigned probability interval was 00-09. So we need to look for an answer with a similar probability interval. The only option available is d.

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