Required: Using Monte Carlo Simulation, determine the simulated demand for the next 10 days.

Range
Demand Frequency Probability Cumulative Lower Higher Demand
0 10 5% 5% 0% 5% 0
10 20 10% 15% 5% 15% 10
20 50 25% 40% 15% 40% 20
30 40 20% 60% 40% 60% 30
40 60 30% 90% 60% 90% 40
50 20 10% 100% 90% 100% 50
200 100%

Day Random Simulated demand

1 0.78073543 20
2 0.02335041 40
3 0.5703624 50
4 0.70653611 40
5 0.34296995 40
6 0.52917237 30
7 0.1319211 30
8 0.02311883 50
9 0.19466021 50
10 0.647479 50