Question: PA 1 3 - 5 ( Algo ) Teddy Bower is an outdoor clothing and accessories chain... Teddy Bower is an outdoor clothing and accessories

PA 13-5(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 $11 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 2,200 and a standard deviation of 1,300. Teddy Bower sells these parkas at $24 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 13.4.
Note: Do not round intermediate calculations. If a part of the question specifies whether to use Table 13.4, 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 13.4 and the round-up rule.
Note: Enter your answer as a whole number.
If Teddy Bower orders 3,000 parkas, what is expected leftover inventory? Use Table 13.4 and the round-up rule.
Note: Round your answer to 2 decimal places.
Table 13.4
TABLE 13.4
The Distribution, F(Q), and Expected Inventory, I(Q), Functions for the Standard Normal Distribution
Function
\table[[-1.6,0.0548,0.0232],[-1.5,0.0668,0.0293],[-1.4,0.0808,0.0367],[-1.3,0.0968,0.0455],[-1.2,0.1151,0.0561],[-1.1,0.1357,0.0686],[-1.0,0.1587,0.0833],[-0.9,0.1841,0.1004],[-0.8,0.2119,0.1202],[-0.7,0.2420,0.1429],[-0.6,0.2743,0.1687],[-0.5,0.3085,0.1978],[-0.4,0.3446,0.2304],[-0.3,0.3821,0.2668],[-0.2,0.4207,0.3069],[-0.1,0.4602,0.3509],[0.0,0.5000,0.3989],[0.1,0.5398,0.4509],[0.2,0.5793,0.5069],[0.3,0.6179,0.5668],[0.4,0.6554,0.6304],[0.5,0.6915,0.6978],[0.6,0.7257,0.7687],[0.7,0.7580,0.8429],[0.8,0.7881,0.9202],[0.9,0.8159,1.0004],[1.0,0.8413,1.0833],[1.1,0.8643,1.1686],[1.2,0.8849,1.2561],[1.3,0.9032,1.3455],[1.4,0.9192,1.4367],[1.5,0.9332,1.5293],[1.6,0.9452,1.6232]]
 PA 13-5(Algo) Teddy Bower is an outdoor clothing and accessories chain...

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