Historical records on a certain product indicate the following behavior for demand. The data represent the number days that the business was open during 2019 (note that it is possible to have more than 365 days as there are multiple store locations). Convert these data into random number intervals.
$435144824511146994774\begin{array} { | r | r | } \hline \text { Demand } & \text { Frequency } \\\hline 43 & 51 \\\hline 44 & 82 \\\hline 45 & 111 \\\hline 46 & 99 \\\hline 47 & 74 \\\hline\end{array}$

Question

Historical records on a certain product indicate the following behavior for demand. The data represent the number days that the business was open during 2019 (note that it is possible to have more than 365 days as there are multiple store locations). Convert these data into random number intervals.

435144824511146994774\begin{array} { | r | r | } \hline \text { Demand } & \text { Frequency } \\\hline 43 & 51 \\\hline 44 & 82 \\\hline 45 & 111 \\\hline 46 & 99 \\\hline 47 & 74 \\\hline\end{array}

Shahmeer Sumro · Accepted Answer

Final Answer :   Demand   Frequency   Probability   Cumulative   Start RN   End RN  43 51 0.12 0.12 0 12 44 82 0.20 0.32 13 32 45 111 0.27 0.59 33 59 46 99 0.24 0.82 60 82 47 74 0.18 1.00 83 100  Total  417 \begin{array} { | r | r | r | r | r | r | } \hline 	ext { Demand }  &  	ext { Frequency }  &  	ext { Probability }  &  	ext { Cumulative }  &  	ext { Start RN }  &  	ext { End RN } \\hline 43  &  51  &  0.12  &  0.12  &  0  &  12 \\hline 44  &  82  &  0.20  &  0.32  &  13  &  32 \\hline 45  &  111  &  0.27  &  0.59  &  33  &  59 \\hline 46  &  99  &  0.24  &  0.82  &  60  &  82 \\hline 47  &  74  &  0.18  &  1.00  &  83  &  100 \\hline 	ext { Total }  &  417  &   &   &   &  \\hline\end{array}  Demand  43 44 45 46 47  Total  ​  Frequency  51 82 111 99 74 417 ​  Probability  0.12 0.20 0.27 0.24 0.18 ​  Cumulative  0.12 0.32 0.59 0.82 1.00 ​  Start RN  0 13 33 60 83 ​  End RN  12 32 59 82 100 ​ ​

Definitions

Learning Objectives

Learning Objectives

Related questions