Discuss the below:
Q: A retail store experiences the following probability distribution for sales of a product.
Sales (units) 0 1 2 3 4 5 6
Probability 0.08 0.12 0.28 0.24 0.14 0.10 0.04
a. Set up intervals of random numbers that can be used to simulate sales.
b. Random numbers generated for the first 10 days of a simulation are as follows:
0.4627, 0.8745, 0.4479, 0.6712, .04557, 0.8435, 0.2162, 0.1699, 0.1338, 0.2278
What is the sales value generated for each day?
c.What are the total sales over the 10-day period?