CMA Final · Strategic Cost Management · Simulation
Daily demand for a product is simulated with these random-number ranges: 00-29 = 10 units, 30-79 = 20 units, 80-99 = 30 units. Random numbers drawn for three days are 85, 12, 47. Each unit gives a contribution of ₹40. What is the total simulated contribution for the three days?
Total simulated contribution is ₹2,400. The random numbers 85, 12 and 47 map to demands of 30, 10 and 20 units, totalling 60 units, and at ₹40 per unit this gives ₹2,400.
- A₹2,400
- B₹2,800Correct
- C₹2,000
- D₹3,200
Explanation
85 falls in 80-99 so 30 units; 12 falls in 00-29 so 10 units; 47 falls in 30-79 so 20 units. Total is 60 units, and 60 x 40 = ₹2,400. Checking: 30+10+20 = 60, so the contribution is ₹2,400, not ₹2,800.
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