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(Solved) A) DEFINE YOUR RANDOM NUMBER RANGE TABLES. B) SHOW YOUR SIMULATION TABLE.


A) DEFINE YOUR RANDOM NUMBER RANGE TABLES.  B) SHOW YOUR SIMULATION TABLE.  INCLUDE COLUMNS FOR      - THE NUMBER OF CHICKENS BAKED DAILY     - THE DAILY DEMAND FOR BAKED CHICKENS     - THE NUMBER OF CHICKENS SOLD DAILY     - EXCESS CHICKENS BAKED DAILY (NOT SOLD)     - SHORTAGE OF CHICKENS DAILY (UNMET DEMAND)                      C) BASED ON YOUR SIMULATED RESULTS, WHAT IS THE AVERAGE  DAILY PROFIT MADE?  SHOW YOUR CALCULATION.    B) HOW MUCH DEMAND FOR CHICKENS IS LOST, AGAIN ON AN AVER- AGE DAILY BASIS?  C) HOW MANY CHICKENS ARE DISPOSED OF, AGAIN ON AN AVERAGE DAILY BASIS?  D) DO YOU BELIEVE YOU ARE BAKING TOO MANY CHICKENS RELATIVE TO DEMAND?  EXPLAIN YOUR REASONING.  (HINT: DETERMINE THE LONG-RUN EXPECTED NUMBER OF CHICKENS BAKED DAILY, AND THE LONG-RUN EXPECTED DAILY DEMAND FOR BAKED CHICKENS - COMPARE THESE VALUES!!!!!)   

 


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