gress, Inc., is a small company that designs, -produces, and sells ski jackets and other coats. The creative design team has labored for weeks over its new design for the coming winter season. It is now time to decide how many ski jackets to produce in this production run. Because of the lead times involved, no other production runs will be possible during the season. Predicting ski jacket sales months in advance of the selling season can be quite tricky. Egress has been in operation for only three years, and its ski jacket designs were quite successful in two of those years. Based on realized sales from the last three years, current economic conditions, and professional judgment, 12 Egress employees have independently estimated demand for their new design for the upcoming season. Their estimates are listed in Table 15.2. Table 15.3 Monetary Values Variable production cost per unit (C): Selling price per unit (S): Salvage value per unit (V): Fixed production cost (F): $80 $100 $30 $100,000 and equipment is F. This cost is incurred regardless of the size of the production run. Questions 1. Egress management believes that a normal distribution is a reasonable model for the unknown demand in the coming year.What mean and standard deviation should Egress use for the demand distribution? 2. Use a spreadsheet model to simulate 1000 possible outcomes for demand in the coming year. Based on these scenarios, what is the expected profit if Egress produces Q = 7800 ski jackets? What is the expected profit if Egress produces Q = 12,000 ski jackets? What is the standard deviation of profit in these two cases? Table 15.2 Estimated Demands 14,000 13,000 14,000 8 14,000 16,000 8000 5000 11,000 8000 15,000 3. Based on the same 1000 scenarios, how many ski jackets should Egress produce to maximize expected profit? Call this quantity Q. 15,500 10,500 4. Should Q equal mean demand or not? Explain. To assist in the decision on the number of units for the production run, management has gathered the data in Table 15.3. Note that S is the price Egress charges retailers. Any ski jackets that do not sell during the season can be sold by Egress to discounters for V per jacket. The fixed cost of plant 5. Create a histogram of profit at the production level Q. Create a histogram of profit when the production level Q equals mean demand. What is the probability of a loss greater than $100,000 in each case? © Cengage Learning

I'm not sure where to begin with setting up this equation please help.

Q3-  You may need to use the appropriate technology to answer this question. The product development group at Landon Corporation has been working on a new computer software product that has the potential to capture a large market share. Through outside sources, Landon's management learned that a competitor is working to introduce a similar product. As a result, Landon's top management increased its pressure on the product development group. The group's leader turned to PERT/CPM as an aid to scheduling the activities remaining before the new product can be brought to the market.   The activity time estimates (in weeks) are listed in the following table. Activity Optimistic Most Probable Pessimistic A 3 4 5 B 3 3.5 7 C 4 5 6 D 2 3 4 E 5 8 11 F 8.5 9.5 13.5 G 4.5 6 7.5 H 6 7 14 I 2 2.5 6 J 4 5 6 (a) Develop an activity schedule for this project and identify the critical path activities. (Enter your answers as a comma-separated list.)   (b) Based solely…

This is our quadratic equation: 5x^2 - 10x - 45 = -5 Use the completing the square method to answers the following questions.   1.You do not need to do step one for this particular quadratic.. Single choice. true false   2.After doing (or not doing) step 1, your equation looks like which one? Single choice. x^2 - 2x - 9 = -1 5x^2 - 10x - 45 = -5   3.After doing step 2, the equation looks like which one? . Single choice. x^2 - 2x = 10 x^2 - 2x + 9 = -1 x^2 - 2x = 8 x^2 - 2x - 9 = -1   4.After doing step 3 the equation looks like which one? Single choice. x^2 - 2x = 8 x^2 - 2x + 1 = 9 x^2 - 2x + 10 = 8 x^2 - 2x + 1 = 10   5.After doing step 4, the equation looks like which one?  Single choice. (x - 3)(x + 3) = 8 (x - 1)^2 = 9 (x + 1)(x - 1) = 8 (x + 3)^2 = 9   6.A radical cancels. Single choice. a logarithm division the second power   7.When you take the square root of a number you always get. Single choice. a positive or…

A certain magical substance that is used to make solid magical spheres costs $500 per cubic foot. The power of a magical sphere depends on its surface area, and a magical sphere can be sold for $50per square foot of surface area. If you are manufacturing such a sphere, what size should you make them to maximize your profit per sphere?

Find the dimensions of the rectangular box with largest volume such that the sum of the lengths of its twelve edges is 24. You may do this using either of the optimization techniques we learned in class, but you must justify your answer.