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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= P+