A boutique purchases a dress for 15 TL and sells it for 25 TL during the...

 

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A boutique purchases a dress for 15 TL and sells it for 25 TL during the winter season. Unsold dresses during the season are sold for 10 TL during the discount period. The demand for the dress follows a uniform distribution between 20 and 80. In case of unmet demand, there is a stockout cost equal to the net profit that would be obtained. Using the random numbers below, find the net profit for the purchase of 60 dresses. (Note: Round the values to the nearest integer due to possible rounding differences in the uniform distribution.) Random numbers for demand: 86-76-59-32-54 A boutique purchases a dress for 15 TL and sells it for 25 TL during the winter season. Unsold dresses during the season are sold for 10 TL during the discount period. The demand for the dress follows a uniform distribution between 20 and 80. In case of unmet demand, there is a stockout cost equal to the net profit that would be obtained. Using the random numbers below, find the net profit for the purchase of 60 dresses. (Note: Round the values to the nearest integer due to possible rounding differences in the uniform distribution.) Random numbers for demand: 86-76-59-32-54

Answer rating: 100% (QA)

To solve this problem we can use simulation to generate random demand values and then calculate the ... View the full answer