Ques 1 The price of a share of a particular stock listed on the New York Stock Exchange is

currently $39. The following probability distribution shows how the price per share is expected
to change over a three-month period:

Stock Price Change ($) Probability

-2 0.05
-1 0.10
0 0.25
1 0.20
2 0.20
3 0.10
4 0.10

a) Set up intervals of random numbers that can be used to generate the change in stock price
over a three-month period.
b) simulate the price per share for the next four 3-month periods. What is the ending
simulated price per share?

Ques 2 A variety of routine maintenance checks are made on commercial airplanes prior to each
takeoff. A particular maintenance check of an airplane’s landing gear requires between 10 and 18
minutes of a maintenance engineer’s time. In fact, the exact time required is uniformly
distributed over this interval. As part of a larger simulation model designed to determine total on-
ground maintenance time for an airplane, we will need to simulate the actual time required to
perform this maintenance check on the airplane’s landing gear. Using simulation, compute the
time required for each of five simulated maintenance checks of the airplane’s landing gear.