Question: In Problem 12 of the previous section suppose that the

In Problem 12 of the previous section, suppose that the demand for cars is normally distributed with mean 100 and standard deviation 15. Use @RISK to determine the “best” order quantity—in this case, the one with the largest mean profit. Using the statistics and/or graphs from @RISK, discuss whether this order quantity would be considered best by the car dealer.

Sale on SolutionInn
  • CreatedApril 01, 2015
  • Files Included
Post your question