what information exactly? this is all they give me

nt - Week 14_1 (All answers were generated using 1,000 trials and native Excel functionality.) In preparing for the upcoming holiday season, Frh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $46 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is uncertain. The normal probability distribution with an average of 60,000 dolls and a standard deviation of 15,000 is assumed to be a 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 decision. (a) Create a what-if model using formuasthat relate values of q Lzntiy, d81End, sales, reverwe frornsales, of surph_ls, revenue from sales of surph_ls, total a M r-kt profit What is the whal is to its average ("000 m its)? (b) & mand as a normal raMMn varia&ewith a mean of 60,000 a Ma star&rd of simulate tk sals a q LRntityof60,OOO units. What is the estimate of the average with quantiw of 60000 dolls? RouM your armwer to the nearest donar_ How this compre to the profit to the average danand (as compLRed in part (a))? The average profit frorn sirnulation is less than tt-k profit cmvuted in part (c) Before makinga final on quarriw, manage-rzltwants an analysis of a 70,000-unit q Lzntiy a Ma more conservative 50,000-unit quantiy_ Run these pro&Jctim *iantities_ What is the average profit asociated with each? Round your answers to the nearest dollar. tf answer is negative, use a minus sign. When ordering 50,000 mits, the average profit S approximatey When ordering 70,000 mits, the average profit S approximatey 475400 (d) Besides average profit, what factors should FTC corEider in determining a production *Jantiw? Compare the four (40,00C 60,000; and 70,0U all these ftors_ If reqLired, romd Probabiliw of a Loss to three decirnal p Res and Probability of a SMrtage to two places Round tt-k answers to nearest dollar. tf answ is negative, use a minus sign. Net P rofit -$142,707 389,293 475,400 Partially Correct Profit rd 191,305 175,015 159,057 Maximum 702,217 752,288 764,311 Probability of 0.015 o Probability of 00 00 Hint(s) Check My Work