Assignment 5

Due: 10/04/22

1. Generate 100 observations from a continuous uniform distribution over the interval
[20, 60]. What is the mean, standard deviation, and range? (10)

2. A Los Pollos Hermanos restaurant in Albuquerque usually has sales with a mean of
30.45 orders/hour and a standard deviation of 4.2. What are the mean and range
for 500 trials? (10)

3. Google is analyzing the decision to launch a new Pixel phone. The development
costs are estimated to be $2 million. The material, labor and shipping costs for each
phone are estimated to have a mean of $211.12 and standard deviation of $10.65.
The labor costs have a mean $188.67 with a standard deviation of $12.89, and
shipping costs varies uniformly between $3.19 and $8.99. Google plans to sell each
phone for $449. What profit can be anticipated with a demand of 10,000 phones
based on 1000 trials of this simulation? Is there a difference between this and last
week’s deterministic model? (30)

4. A construction operations manager estimates the worst-case scenario, to

complete a project is 210 days, whereas best case scenario would be 150 days.
Based on her past experiences, she thinks the project will most likely be complete
in 190 days. What is the probability that the project will completed in 160 days and
200 days respectively? (20)

5. A French vineyard in the Chalibis region uses Chardonnay grapes to make

Chardonnay wine and Blanc be Blancs blended champagne. To produce one gallon
of wine, the vineyard uses 8 pounds of grapes and 2.5 hours of winemaking
process. To produce one gallon of Blanc de Blancs, about 6 pounds of grapes and
3 hours of winemaking process is used. The selling prices of Chardonnay and
Champagne per gallon are $55 and $45 respectively. Each week, 400 pounds of
Chardonnay grapes and 150 hours of wine processing are available. (30)
• How many gallons of Chardonnay and champagne should the vineyard
make?

• If the amount of grapes available increases to 500 pounds, how much

Chardonnay and champagne should the vineyard make?

• If the price of champagne drops to $30 per liter, how much Chardonnay and
champagne should the vineyard?