Assignment Problem: Jay's Appliances sells microfridges according to the monthly demand distribution shown in the following table:
Demand Probability
10 0.02
15 0.07
20 0.11
25 0.12
30 0.21
35 0.18
40 0.21
45 0.06
50 0.02
Simulate six years of demand and compare theoretical and simulated results for the following measures:
a) Average demand
(b) Probability that demand will be less than or equal to 30 microfridges