Question: ( All answers were generated using 1 , 0 0 0 trials and native Excel functionality. ) demand. FTC has tentatively decided to produce 6
All answers were generated using trials and native Excel functionality.
demand. FTC has tentatively decided to produce units the same as average demand but it wants to conduct an analysis regarding this production quantity before finalizing the decision.
its average units
$
production quantity of dolls? Round your answer to the nearest dollar.
How does this compare to the profit corresponding to the average demand as computed in part a
The average profit from the simulation is
the profit computed in part a
quantities. What is the average profit associated with each? Round your answers to the nearest dollar. If your answer is negative, use a minus sign.
When ordering units, the average profit is approximately $
When ordering units, the average profit is approximately $
d Besides average profit, what other factors should FTC consider in determining a production quantity? Compare the four production quantities ; and
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