2.CBT has agreed to finance the needs of the stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 90 days of operation. Daily receipts are normally distributed with Ameena $50,000 and a standard deviation of $12,000. Disbursements are also normally distributed was a mean of $40,000 and a standard deviation of $3000
A) construct a computer stimulation model to keep track of the cash flow during the first 90 days of operation. Assume that initially that there is $75,000 of cash on hand
B) repeat the simulation model constructed in part (a) 50 times using a data table use the results in the data table to estimate the probability that a short-term loan will be needed.
C) suppose the CBT has agreed to finance a short-term loan if the probability a loan is needed is between 2% and 7%. How much initial cash on hand to the stereo wholesaler have?
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