An electronics manufacturer buys a component that is used to produce different types of products. Management is interest
Posted: Sun Jul 03, 2022 6:57 am
An electronics manufacturer buys a component that is used toproduce different types of products. Management is interested inusing simulation to estimate the profit per unit for itsnew TV. Probability distributions for the componentcost, the production cost, and the marketing cost are estimated asfollows.
​Component Cost ($)
Probability
ProductionCost ($)
Probability
MarketingCost ($)
Probability
16
0.20
10
0.25
5
0.40
18
0.30
11
0.45
6
0.60
20
0.35
12
0.30
22
0.15
Construct a process generator for simulating the profit andusing random number of 0.18, estimate the component cost.
Group of answer choices
18
22
16
20
16
​Component Cost ($)
Probability
ProductionCost ($)
Probability
MarketingCost ($)
Probability
16
0.20
10
0.25
5
0.40
18
0.30
11
0.45
6
0.60
20
0.35
12
0.30
22
0.15
Construct a process generator for simulating the profit andusing random number of 0.18, estimate the component cost.
Group of answer choices
18
22
16
20
16