At a local appliance store, weekly demand for a large screen TV during the week prior to
Question:
At a local appliance store, weekly demand for a large screen TV during the week prior to the Super Bowl is normally distributed with a mean of 35 units and standard deviation of 12 units. The store usually keeps 40 units in its inventory. Use Analysis ToolPak or R, both with a seed of 1, to simulate 500 trials to estimate the likelihood of overstocking and understocking.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
Question Posted: