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Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $ 9 each from its Asian supplier, TeddySports. Unfortunately,

Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $9 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 2,100 and a standard deviation of 1,500. Teddy Bower sells these parkas at $21 each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity (and also doesn't collect a tax benefit for the donation). Use Table 13.4.
Note: If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method.
answer the following .... please.
a. 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 4 decimal places.
- Probability?____________
b. How many parkas should Teddy Bower buy from TeddySports to maximize expected profit? Use Table 13.4.
- Order Quantity? _____________
c. If Teddy Bower orders 2,500 parkas, what is the in-stock probability? Use Excel.
Note: Round your answer to 4 decimal places.
- in-stock probability?____________
d. If Teddy Bower orders 2,500 parkas, what is expected leftover inventory? Use Excel.
Note: Round your answer to 2 decimal places.
- Expected leftover Inventory?____________
e. If Teddy Bower orders 2,500 parkas, what is expected sales? Use Excel.
Note: Round your answer to 2 decimal places
- Expected Sales? _____________
f. If Teddy Bower orders 2,500 parkas, what is expected profit? Use Excel.
Note: Round your answer to 2 decimal places.
- Expected profit?___________
g. How many parkas should Teddy Bower order to ensure a 98.5% in-stock probability? how many parkas should Teddy Bower's order? Use Table 13.4.
- order quantity?___________

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