The graduation season is coming to Cambridge! A family-owned store has been embroidering graduation stoles for...

 

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The graduation season is coming to Cambridge! A family-owned store has been embroidering graduation stoles for decades and is now getting ready for the upcoming season. Considering all stoles are manufactured manually by the family, and the same team embroidering is working on distribution and sales, once the graduation season begins, they have no chance of replenishing the stoles' inventory. Grandpa Jesse is working on defining how many stoles to manufacture this season. Historical data shows that demand for stoles follows a continuous uniform distribution with a minimum of 0 and a maximum of 850 units. Sewing and embroidering stoles cost $14 per unit, and stoles are sold for $57 each. What's the Critical Ratio for the graduation stoles? Enter your answer with two decimal places. 0.75 0.75 What's the optimal quantity they should manufacture to maximize profit for the upcoming season? Round your answer to the nearest integer The graduation season is coming to Cambridge! A family-owned store has been embroidering graduation stoles for decades and is now getting ready for the upcoming season. Considering all stoles are manufactured manually by the family, and the same team embroidering is working on distribution and sales, once the graduation season begins, they have no chance of replenishing the stoles' inventory. Grandpa Jesse is working on defining how many stoles to manufacture this season. Historical data shows that demand for stoles follows a continuous uniform distribution with a minimum of 0 and a maximum of 850 units. Sewing and embroidering stoles cost $14 per unit, and stoles are sold for $57 each. What's the Critical Ratio for the graduation stoles? Enter your answer with two decimal places. 0.75 0.75 What's the optimal quantity they should manufacture to maximize profit for the upcoming season? Round your answer to the nearest integer

Answer rating: 100% (QA)

The Critical Ratio CR is a ratio used in inventory management to help determine the optimal order q... View the full answer