Mathematics, 14.06.2021 15:30 kaysavage7674
Weekly demand for a certain brand of a golf ball at The Golf Outlet is normally distributed with a mean of 35 and a standard deviation of 5. The profit per box is $5.00. Write an Excel formula that simulates the weekly profit:
= 5 * 35 * NORMSINV(RAND())
= 5* NORMINV(RAND(), 35, 5)
= 5 * RANDBETWEEN(5, 35)
= NORMINV(RAND(), 5 * 35, 5)
Answers: 1
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