Question: PA 1 3 - 5 ( Algo ) Teddy Bower is an outdoor clothing and accessories chain... Teddy Bower is an outdoor clothing and accessories
PA Algo Teddy Bower is an outdoor clothing and accessories chain...
Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $ each from its Asian supplier, TeddySports. Unfortunately, at the time of the order placement, demand is still uncertain: Teddy Bower forecasts that its demand is normally distributed with a mean of and a standard deviation of Teddy Bower sells these parkas at $ each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity and also doesnt collect a tax benefit for the donation Use Table
Note: Do not round intermediate calculations. 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.
How many parkas should Teddy Bower buy from TeddySports to maximize expected profit? Use Table and the roundup rule.
Note: Enter your answer as a whole number.
If Teddy Bower orders parkas, what is expected leftover inventory? Use Table and the roundup rule.
Note: Round your answer to decimal places.
Table
TABLE
The Distribution, and Expected Inventory, Functions for the Standard Normal Distribution
Function
table
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