Hello: I am working on some homework problems for decision modeling. Here is the question: The weekly...

70.2K

Verified Solution

Question

Statistics

Hello:

I am working on some homework problems for decision modeling.Here is the question: The weekly deman for a slow moving producthas the following probability mass function:

Demand, x Probability f(x)

0 0.2

1 0.4

2 0.3

3 0.1

4 or more 0

Use VLOOKUP to generate 25 random variates from thisdistribution. I know i have to use RAND and VLOOKUP I just cannotget it to give me 25 random numbers. Thank you for any help you cangive me.

Answer & Explanation Solved by verified expert
4.2 Ratings (797 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students