Question: Solve for D . In preparing for the upcoming holiday season, Fresh Toy Company ( FTC ) designed a new doll called The Dougie that
Solve for D
In preparing for the upcoming holiday season, Fresh Toy Company FTC designed a new doll called The Dougie that teaches
children how to dance. The fixed cost to produce the doll is $ The variable cost, which includes material, labor, and
shipping costs, is $ per doll. During the holiday selling season, FTC will sell the dolls for $ each. If FTC overproduces the
dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $ per doll. Demand for new
toys during the holiday selling season is extremely uncertain. Forecasts are for expected sales of dolls with a standari
deviation of The normal probability distribution is assumed to be a good description of the demand. FTC has
tentatively decided to produce units the same as average demand but it wants to conduct an analysis regarding
this production quantity before finalizing the decision.
unit production quantity and a more conservative unit production quantity. Run your simulation with these tws
production quantities. Use at least trials. Round your answers to the nearest integer.
What is the mean profit in dollars associated with units?
$
What is the mean profit in dollars associated with units?
$
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