Question: please solve following questions Normal Distribution labies can be found at the end of this module. You can also use Excel to calculate z or
please solve following questions
Normal Distribution labies can be found at the end of this module. You can also use Excel to calculate z or L(z). Geoff Gullo owns a small firm that manufactures "Gullo Sunglasses." He has the opportunity to sell a particular seasonal model to Land's End. Geoff offers Land's End two purchasing options: . Option1. Geoff offers to set his price at $65 and agrees to credit Land's End $53 for each unit Land's End returns to Geoff at the end of the season (because those units did not sell). Since styles change each year, there is essentially no value in the returned merchandise. Option 2. Geoff offers a price of $55 for each unit, but returns are no longer accepted. In this case, Land's End throws out unsold units at the end of the season. This season's demand for this model will be normally distributed with mean of 200 and standard deviation of 125. Land's End will sell those sunglasses for $100 each. Geoff's production cost is $25. Question 1 (1 point) Saved 1. If Land's End chooses option 1, it would purchase Q= Round your answer to the nearest integer if required. A/ Question 2 (1 point) 2. If Land's End chooses option 2, it would purchase Q=_ Round your answer to the nearest integer if required. Question 3 (1 point) Saved 3. Suppose Land's End chooses option 2 and order 275 units. Land's End's expected lost sales is A expected leftover inventory is A and expected sales is A Keep two decimals if required

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