Question: Flextrola, Incorporated, an electronics systems integrator, is planning to design a key component for its next - generation product with Solectrics. Flextrola will integrate the
Flextrola, Incorporated, an electronics systems integrator, is planning to design a key component for its nextgeneration product with
Solectrics. Flextrola will integrate the component with some software and then sell it to consumers. Given the short life cycles of such
products and the long lead times quoted by Solectrics, Flextrola only has one opportunity to place an order with Solectrics prior to the
beginning of its selling season. Flextrola's demand during the season is normally distributed with a mean of and a standard
deviation of Use Table
Solectrics' production cost for the component is $ per unit, and it plans to sell the component for $ per unit to Flextrola. Flextrola
incurs essentially no cost associated with the software integration and handling of each unit. Flextrola sells these units to consumers
for $ each. Flextrola can sell unsold inventory at the end of the season in a secondary electronics market for $ each. The existing
contract specifies that once Flextrola places the order, no changes are allowed to it Also, Solectrics does not accept any returns of
unsold inventory, so Flextrola must dispose of excess inventory in the secondary market.
Note: If a part of the question specifies whether to use Table or to use Excel, then credit for a correct answer will depend on
using the specified method.
a What is the probability that Flextrola's demand will be within of its forecast? Use Excel.
Note: Round your answer to decimal places.
Probability
b What is the probability that Flextrola's demand will be more than greater than Flextrola's forecast? Use Excel.
Note: Round your answer to decimal places.
Probability
c Under this contract, how many units should Flextrola order to maximize its expected profit? Use Table
Expected profit
d If Flextrola orders units, how many units of inventory can Flextrola's expect to sell in the secondary elFlextrola, Incorporated, electronics systems integrator, planning design a key component for its nextgeneration product with Solectrics. Flextrola will integrate the component with some software and then sell consumers. Given the short life cycles such products and the long lead times quoted Solectrics, Flextrola only has one opportunity place order with Solectrics prior the beginning its selling season. Flextrola demand during the season normally distributed with a mean and a standard deviation Use Table
Solectrics production cost for the component $ per unit, and plans sell the component for $ per unit Flextrola. Flextrola incurs essentially associated with the software integration and handling each unit. Flextrola sells these units consumers for $ each. Flextrola can sell unsold inventory the end the season a electronics market for $ each. The existing contract specifies that once Flextrola places the order, changes are allowed Also, Solectrics does not accept any returns unsold inventory, Flextrola must dispose excess inventory the market.
Note: a part the question specifies whether use Table use Excel, then credit for a correct answer will depend using the specified method.
What the probability that Flextrola demand will within its forecast? Use Excel.
Note: Round your answer decimal places.
What the probability that Flextrola demand will more than greater than Flextrola forecast? Use Excel.
Note: Round your answer decimal places.
Under this contract, how many units should Flextrola order maximize its expected profit? Use Table
Flextrola orders units, how many units inventory can Flextrola expect sell the electronics market? Use Table
Note: Round your answer decimal places.
Flextrola orders units, what are expected sales?
Note: Round your answer decimal places.
Flextrola orders units, what expected profit?
Note: Round your answer decimal places.
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