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
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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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