Monte Carlo Simulation Exercise
-
Jimmy prints a neighbourhood newspaper. He has 10 subscribers. He also
sells it to whoever comes by, from his front lawn on Friday afternoons.
His mother has kept track of his demand (including requests made after
he had sold out) for the past 100 weeks, and observed the pattern shown
below.
|
Papers Demanded
|
Number of weeks |
|
13
|
1
|
|
14
|
2
|
|
15
|
4
|
|
16
|
9
|
|
17
|
10
|
|
18
|
15
|
|
19
|
16
|
|
20
|
15
|
|
21
|
12
|
|
22
|
9
|
|
23
|
4
|
|
24
|
2
|
|
25
|
1
|
|
26
|
0
|
|
Total
|
100
|
The papers cost 30 cents to print and Jimmy sells them for 50 cents. Assume
that he prints 20 copies a week. Mom makes him throw away unsold copies.
Simulate his sales for a year and determine his earnings.