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Alika [10]
2 years ago
14

The weekly demand for an item in a retail store follows a uniform distribution over the range of 50 to 100. What would be the we

ekly demand if its corresponding computer-generated value is 0.4?
Business
1 answer:
kakasveta [241]2 years ago
7 0

The weekly demand for an item in a retail store follows a uniform distribution over the range of 50 to 100. The answer for the same, the weekly demand is seventy (70).

Computer generated value: (0≤x≤1)

the part occupied by the weekly value: 0.4,

so, it is out of 50 values,

then

0.4 = 40% of (100 -50) = 20

(from the beginning which is 50, thus, 50 + 20 = 70)

Now we've got:

Computer generated value (CGV) = 0.4

Lower limit (LL) = 50,

Difference between upper and lower limit (UL-LL)= 100 - 50 = 50,

Thus,

the weekly demand is obtained as 70

Uniform Distribution

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4 years ago
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D : $88,800

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Learn more about Income taxes here:

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5 0
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