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Please answer questions (B) & (C) if possible, Thank You! average demand), but it wants to conduct an analysis regarding this production quantity before finalizing
Please answer questions (B) & (C) if possible, Thank You!
average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. Hint: This problem is very similar to the class newsvendor problem. Make sure to review that problem before attempting this. its average (60,000 units ) ? with the production quantity of 60,000 dolls? (Use at least 10,000 trials. Round your answer to the nearest integer.) $ How does this compare to the profit corresponding to the average demand (as computed in part (a))? The average profit from the simulation is greater than the profit computed in part (a). The average profit from the simulation is about the same as the profit computed in part (a). The average profit from the simulation is less than the profit computed in part (a). production quantities. What is the average profit (in \$) associated with each? (Round your answer to the nearest integer.) average profit for 50,000 units \$ average profit for 70,000 units $Step by Step Solution
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