Corresponding demand value


Consider the following probability distribution:

Demand: 0 1 2 3 4

Probability: .15 .30 .25 .15 .15

Partition 100 numbers from 0 to 99 according to the probability of each demand value, starting with 0. A number from the 100 numbers is going to be selected. What is the corresponding demand value if 62 is selected?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Corresponding demand value
Reference No:- TGS0732868

Expected delivery within 24 Hours