Question

In: Statistics and Probability

You are preparing some sweet potato pie for your annual Thanksgiving feast. The store sells sweet...

You are preparing some sweet potato pie for your annual Thanksgiving feast. The store sells sweet potatoes in packages of 6. From prior experience you have found that the package will contain 0 spoiled sweet potatoes about 55% of the time, 1 spoiled sweet potato 25% of the time and 2 spoiled sweet potatoes the rest of the time. Conduct a simulation to estimate the number of packages of sweet potatoes you need to purchase to have three dozen (36) unspoiled sweet potatoes.

Part 1 of 3: (6 pts)

Describe in detail and in paragraph form how you will use the random numbers provided from a random number table (in part 2) to conduct 4 trials of this simulation. Be sure to include all of the first four steps of a simulation. Steps 5 and 6 are part 2 and step 7 are part 3 of this question.

1. Identify the component to be repeated.

2. Explain how you will model the outcome.

3. Explain in detail how you will simulate the trial.

4. State clearly what the response variable is.

Part 2 of 3: (3 pts)

Use the random number table to complete 2 trials. Analyze your response variable.

Trial#1:   41 23  19  98  75 08  63  29  10

Trial #2: 88 26 95 69  57  71 02 62 34

Part 3 of 3: (1 pt)

Give your conclusion based on your simulation results.

Solutions

Expert Solution


Related Solutions

You are preparing some sweet potato pie for your annual Thanksgiving feast. The store sells sweet...
You are preparing some sweet potato pie for your annual Thanksgiving feast. The store sells sweet potatoes in packages of 6. From prior experience you have found that the package will contain 0 spoiled sweet potatoes about 65% of the time, 1 spoiled sweet potato 25% of the time and 2 spoiled sweet potatoes the rest of the time. Conduct a simulation to estimate the number of packages of sweet potatoes you need to purchase to have three dozen (36)...
QUESTION 4 You are preparing some sweet potato pie for your annual Thanksgiving feast. The store...
QUESTION 4 You are preparing some sweet potato pie for your annual Thanksgiving feast. The store sells sweet potatoes in packages of 6. From prior experience you have found that the package will contain 0 spoiled sweet potatoes about 65% of the time, 1 spoiled sweet potato 25% of the time and 2 spoiled sweet potatoes the rest of the time. Conduct a simulation to estimate the number of packages of sweet potatoes you need to purchase to have three...
During Thanksgiving you participated in a pumpkin-pie eating contest. You really enjoyed the first two pies,...
During Thanksgiving you participated in a pumpkin-pie eating contest. You really enjoyed the first two pies, the third one was okay, but as soon as you ate the fourth one you became ill and lost the contest. • Did your total utility increase or decrease with the first three pies you ate?. • After the third pie, did your total utility increase or decrease? • Did you get more or less utility from eating the first pie than from eating...
The beer store sells potato chips and has does so for a long time. Over the...
The beer store sells potato chips and has does so for a long time. Over the last four years, it has observed that its weekly demand for potato chips varies quite a bit from week to week, but does not follow any seasonal or predictable pattern. The volume of potato chips is much higher than beer, and the store estimates that weekly demand can be modeled as being normally distributed with a mean of 35 bags per week, and a...
Imagine you and ten of your family members are in the kitchen cooking a massive feast...
Imagine you and ten of your family members are in the kitchen cooking a massive feast for thirty people. It is pure chaos in the kitchen because nobody is taking charge to ensure the needed dishes get done in a timely manner. Now switch gears and imagine you are on a multidisciplinary team at your local clinic focusing on increasing local youth access to fresh fruits and vegetables. This group does not have a leader. In your initial post, discuss...
In your own words, explain what you see as some of the common problems of preparing...
In your own words, explain what you see as some of the common problems of preparing a marketing research report. Why should research reports contain executive summaries? What should be contained in an executive summary?
Your audit team is preparing for your largest manufacturing client’s annual inventory observation. You have all...
Your audit team is preparing for your largest manufacturing client’s annual inventory observation. You have all first-year staff auditors on your team. Prepare a training presentation to discuss specific analytical procedures and substantive procedures that are required to ensure the results of the inventory observation will properly support your firm’s opinion that the inventory account meets all the client’s assertions. Be sure to include common errors that can be noted during the inventory observation and how these can be eliminated....
A local hardware store owner is preparing an annual advertising budget for his firm. While doing...
A local hardware store owner is preparing an annual advertising budget for his firm. While doing so, he considers his competitors' budgets as benchmarks and uses them to make specific allocations to the promotion mix in his budget. He believes that other established hardware firms in the industry know what they are doing and have goals similar to his. Based on these factors, which of the following methods for establishing an advertising budget is he most likely to use? The...
PREPARING YOUR FIRST SPEECH How are you feeling as you are preparing your first speech?   ...
PREPARING YOUR FIRST SPEECH How are you feeling as you are preparing your first speech?    What communication tips are helping you to reduce any anxiety? Are you allowing yourself plenty of time to prepare and practice? What will be your preparation process for this week's assignment?
Do you want to own your own candy store? Wow! With some interest in running your...
Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution. 95 172 130...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT