rerproduces the dolls. the excess dolls will be sold in January through a distributor whe has agreed bto pay FTC S10 per dell. Demand for new toys during the holiday selling season is extremely uncertain. Forecasts are for expected sales of 60.000 dells with a standard deviation of 15.000. The normal probab good description of the demand. FTC has tentatively decided to produce 60.000 units (the same as average demand). but it wants to conduct an analysis regarding this production quantity before finalizing the deciaion. tif spreadsheet model using a formula that relates the valves of production quantity. demand, sales, revenue from sales. amount of surplus, revenue from sales of surplus. total cost. and net profit. rafit coresponding to average demand (60.000 unita)? and as a normal random variable with a mean of 60.000 and a standard deviation of 15.000, simulate the sales of the Dougie doll using a production quantity of 60.000 units. stimate of the average profit associated with the production quantity of 60.000 dells? (Use at least 1.000 trials. Round your anser to the nearest integer) ga final decision an the production quantity, management wants an analysis of a more aggressive 70.000-unit production quantity and a more conservative 50.000-unit production quantity. Run your simulation with these two production quantities. (Round your anaers to the nearest integer) mean profit associated with 50.000 units? sean profit associated with 70.000 units? mean profit. what other factors should FTC consider in determining a production quantity? (Select all that apply.) arket andard deviation lity of a loss ing lity of a shortage

3 3/4 + 2 7/28

6 1/6 + 6

8 15 2 15

Are freshmen psychology majors more likely to change their major before they graduate compared to freshmen business majors? 355 of the 619 freshmen psychology majors from a recent study changed their major before they graduated and 356 of the 679 freshmen business majors changed their major before they graduated. What can be concluded at the  = 0.10 level of significance? For this study, we should use        The null and alternative hypotheses would be:                        (please enter a decimal)                     (Please enter a decimal) The test statistic     =  (please show your answer to 3 decimal places.) The p-value =  (Please show your answer to 4 decimal places.) The p-value is      Based on this, we should      the null hypothesis. Thus, the final conclusion is that ... The results are statistically insignificant at αα = 0.10, so there is statistically significant evidence to conclude that the population proportion of freshmen psychology majors who change their major…

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