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Random distribution function to add to simulation

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Reference no: EM131921963

A. You are opening a new fast casual restaurant. You want to simulate daily cash flow. One component is customers per hour, which the franchiser estimates at 25. Which is the best random distribution function to add to your simulation?

=RandExponential(25)

=RandNormal(25, 25)

=RandUniform(0, 50)

=RandPoisson(25)

B. Another factor in your restaurant cash flow is the number of mistaken orders per hour. The franchiser estimates that 5% of orders will contain a mistake, resulting in a refund to customers. Which is the best random distribution function to add to your simulation?

=RandPoisson(5)

=RandExponential(0.05)

=RandExponential(5)

=RandBinomial(Customers, 0.05)

 

Reference no: EM131921963

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