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PA 1 3 - 5 ( Algo ) Teddy Bower is an outdoor clothing and accessories chain... Teddy Bower is an outdoor clothing and accessories
PA Algo Teddy Bower is an outdoor clothing and accessories chain...
Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $ each from its Asian supplier, TeddySports. Unfortunately, at the time of the order placement, demand is still uncertain: Teddy Bower forecasts that its demand is normally distributed with a mean of and a standard deviation of Teddy Bower sells these parkas at $ each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity and also doesnt collect a tax benefit for the donation Use Table
Note: If a part of the question specifies whether to use Table or to use Excel, then credit for a correct answer will depend on using the specified method.
What is the probability this parka turns out to be a dog defined as a product that sells less than half of the forecast? Use Excel.
Note: Round your answer to decimal places.
How many parkas should Teddy Bower buy from TeddySports to maximize expected profit? Use Table
If Teddy Bower orders parkas, what is the instock probability? Use Excel.
Note: Round your answer to decimal places.
If Teddy Bower orders parkas, what is expected leftover inventory? Use Excel.
Note: Round your answer to decimal places.
If Teddy Bower orders parkas, what is expected sales? Use Excel.
Note: Round your answer to decimal places.
If Teddy Bower orders parkas, what is expected profit? Use Excel.
Note: Round your answer to decimal places.
How many parkas should Teddy Bower order to ensure a instock probability? how many parkas should Teddy Bowers order? Use Table
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