Question: JHU module 7 Assignment: Prescriptive Simulation To submit this assignment, attach one word or pdf file with your descriptive model, random variable descriptions and answers

JHU module 7 Assignment: Prescriptive Simulation To submit this assignment, attach one word or pdf file with your descriptive model, random variable descriptions and answers to the questions. Important Instruction: Please use 10,000 replications in your simulation. Grading Rubric: Score Description 6 Logical flow for descriptive model, correct random variables, and correct solutions 5.5 Logical flow for descriptive model, correct random variables, but incorrect solutions or Gaps in descriptive model logic, incorrect random variable(s), but correct solutions 5 Gaps in descriptive model logic or incorrect random variable(s) and incorrect solutions 4.5 or lower Formulations imply large gap in understanding 2 Michelle Abrams runs a specialty clothing store that sells collegiate sports apparel. One of her primary business opportunities involves selling custom screen printed sweatshirts for college football bowl games. She is trying to determine how many sweatshirts to produce for the upcoming Tangerine Bowl game. During the month before the game, Michelle plans to sell sweatshirts for $30 each. At this price, she believes the demand for sweatshirts will be normally distributed with mean 7,000 and standard deviation 1,500 (with no negative values). During the month after the game, Michelle plans to sell any remaining sweatshirts for $12 each. At

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!