Question: I NEED AN ANSWER QUICK! I WILL THUMBS UP/LIKE! Suppose you are releasing a new product for which you forecast demand to be 1.3 million

I NEED AN ANSWER QUICK! I WILL THUMBS UP/LIKE!

Suppose you are releasing a new product for which you forecast demand to be 1.3 million units. This product is similar to a line of past products for which you have forecast and actual demand data. Suppose the average A/F ratio, calculated from the data, is 1.088, and the standard deviation is 0.33. If you model demand for the new product with a normal distribution, what are the mu and sigma you should use? A) 1,388,000 and 330,000 B) 1,388,000 and 466,752 C) 1,414,400 and 429,000 D) 1,300,000 and 415,000 For a newsvendor problem where mean demand is 4200 and the standard deviation of demand is 1000, what are the Expected Lost Sales if we order 4000? A) 506.9 B) 3200 C) 200 D) 1470.3

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