Question: I NEED AN ANSWER QUICK! I WILL THUMPS UP/LIKE! 1. Bower is an outdoor clothing accessories chain that produces a line of hats for $10
I NEED AN ANSWER QUICK! I WILL THUMPS UP/LIKE!
1. Bower is an outdoor clothing accessories chain that produces a line of hats for $10 from its Asian supplier, BowerSports. Unfortunately at the time of order placement, demand is uncertain. Bower forecasts that its demand is normally distributed with a mean of 2,100 and standard deviation of 1,200. The hats are sold for $22. Unsold hats have little salvage value: Bower simply donates them to charity.
Assume the order quantity Q = 3,000. d) What are the expected lost sales? Expected Lost Sales = _______________ e) What are the expected sales? Expected Lost Sales = ________________ f) What is the expected left over inventory? Expected Left Over Inventory = ________________
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