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Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $10 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 1,800 and a standard deviation of 1,500. Teddy Bower sells these parkas at $22 each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity (and also doesn't collect a tax benefit for the donation). Use Table 13.4 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. a. What is the probability this parka turns out to be a "dog", defined as a product that sells less than half of the forecast? Use Excel. (Round your answer to 4 decimal places.) b. How many parkas should Teddy Bower buy from TeddySports to maximize expected profit? Use Table 13.4. c. If Teddy Bower orders 2750 parkas, what is the in-stock probability? Use Excel. (Round your answer to 4 decimal places.) d. If Teddy Bower orders 2750 parkas, what is expected leftover inventory? Use Excel. (Round your answer to 2 decimal places.) e. If Teddy Bower orders 2750 parkas, what is expected sales? Use Excel. (Round your answer to 2 decimal places.) 1 f. If Teddy Bower orders 2750 parkas, what is expected profit? Use Excel. (Round your answer to 2 decimal places.) How many parkas should Teddy Bower order to ensure a 98.5% in-stock probability? how g. many parkas should Teddy Bower's order? Use Table 13.4. SOLS 0.4 Tribution A and Canaderia, Pusat for the archard Normal run91 R! LIP 3 5 C301 . C. 30 . - re -4: !! 3 04: .. TAM 77- JUI 054 JI , 20 9900 HD MA "TUR 2.0 * - TS 11 05 13 J310 24.0 990 C1 3415 .333 20 -2421 1315 2.30 . 1170 17 2 294 . ASE 7 3130 . 2013 Bar. 1 . 11102 . . . 1. 5 2319 SA 999 2. 11 -7 2. 0:1 2004 40V 15 250V 00: Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $10 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 1,800 and a standard deviation of 1,500. Teddy Bower sells these parkas at $22 each. Unsold parkas have little salvage value; Teddy Bower simply gives them away to a charity (and also doesn't collect a tax benefit for the donation). Use Table 13.4 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. a. What is the probability this parka turns out to be a "dog", defined as a product that sells less than half of the forecast? Use Excel. (Round your answer to 4 decimal places.) b. How many parkas should Teddy Bower buy from TeddySports to maximize expected profit? Use Table 13.4. c. If Teddy Bower orders 2750 parkas, what is the in-stock probability? Use Excel. (Round your answer to 4 decimal places.) d. If Teddy Bower orders 2750 parkas, what is expected leftover inventory? Use Excel. (Round your answer to 2 decimal places.) e. If Teddy Bower orders 2750 parkas, what is expected sales? Use Excel. (Round your answer to 2 decimal places.) 1 f. If Teddy Bower orders 2750 parkas, what is expected profit? Use Excel. (Round your answer to 2 decimal places.) How many parkas should Teddy Bower order to ensure a 98.5% in-stock probability? how g. many parkas should Teddy Bower's order? Use Table 13.4. SOLS 0.4 Tribution A and Canaderia, Pusat for the archard Normal run91 R! LIP 3 5 C301 . C. 30 . - re -4: !! 3 04: .. TAM 77- JUI 054 JI , 20 9900 HD MA "TUR 2.0 * - TS 11 05 13 J310 24.0 990 C1 3415 .333 20 -2421 1315 2.30 . 1170 17 2 294 . ASE 7 3130 . 2013 Bar. 1 . 11102 . . . 1. 5 2319 SA 999 2. 11 -7 2. 0:1 2004 40V 15 250V 00