Supermarket customers load their carts with goods totaling between $5 and $200 uniformly (continuously) distributed; call this the raw order amount. Assume that customers purchase independently of...

1 answer below »


Supermarket customers load their carts with goods totaling between $5 and $200 uniformly (continuously) distributed; call this the raw order amount. Assume that customers purchase independently of each other. At checkout 63% of customers have a loyalty card that gives them 4% of their raw order amount. Also at checkout, 18% of customers have coupons that give them 7% of their raw order amount. These two discounts occur independently of each other, and a given customer could have one or the other of them, both of them or neither of them, to get to their net order amount (what they actually pay). Construct a spreadsheet simulation to simulate 100 customers and collect statistics on the net order amount; these statistics should include the average, standard deviation, minimum, maximum, and a histogram to describe the distribution of the net amounts between $0 and $200. (HINT: to decided whether a customer gets a loyalty discount, explore the Excel IF function with the first argument's being a random number RAND() distributed uniformly between 0 and 1; do similarily to decide on a coupon discount.





Answered Same DayDec 24, 2021

Answer To: Supermarket customers load their carts with goods totaling between $5 and $200 uniformly...

David answered on Dec 24 2021
129 Votes
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here