Statistics Distribution

ANSWERS 1. Use the sales forecasters prediction to sequestrate and quarter a normal probability statistical distribution that send away be used to approximate the demand distribution. Sketch the distribution and collection its mean and standard deviation. permits withdraw our vignette first: 20,0 00 .025 10,0 00 30,0 00 .025 .95 At x = 30,000, Normal distribution 2. write in code the probability of a stock-out for the instal quantities suggested by members of the management team. 2. for 15,000 units P(stockout) = 0.3365 + 0.5000 = 0.8365 for 18,000 units P(stockout) = 0.1517 + 0.5000 = 0.6517 for 24,000 units P (stockout) = 0.5000 - 0.2823 = 0.2177 for 28,000 units P (stockout) = 0.5000 - 0.4418 = 0.0582 3. Compute the project profit for the order quantities suggested by the management team below three scenarios: worst lawsuit in which sales = 10,000 uni ts, close to likely incase in which sales = 20,000 units, and best case in which sales = 30,000 units.

Lets calculate the intercommunicate profits for each measuring: for 15,000 units  |  | gross revenue|  | building block gross revenue| Total Cost| at $24| at $5| Profit| 10,000| 240,000| 240,000| 25,000| 25,000| 20,000| 240,000| 360,000| 0| 120,000| 30,000| 240,000| 360,000| 0| 120,000| for 18,000 units  |  | Sales|  | unit Sales| Total Cost| at $24| at $5| Profit| 10,000| 288,000| 240,000| 40,000| -8,000| 20,000| 288,000| 432,000| 0 | 144,000| 30,000| 288,000| 432,000| ! 0| 144,000| for 24,000 units  |  | Sales|  | unit of measurement Sales| Total Cost| at $24| at $5| Profit| 10,000| 384,000| 240,000| 70,000| -74,000| 20,000| 384,000| 480,000| 20,000| 116,000| 30,000| 384,000| 576,000| 0| 192,000| for 28,000 units  |  | Sales|  | Unit Sales| Total Cost| at $24| at $5| Profit| 10,000| 448,000| 240,000| 90,000|...If you want to get a full essay, order it on our website: BestEssayCheap.com

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