Super Fun Toys Case Study, Super Fun Toys Case Study Data Set

Super Fun Toys Case Study, Super Fun Toys Case Study Data Set in $14 OnlySuper Fun Toys Case Study, Super Fun Toys Case Study Data Set

The purpose of this assignment is for students to learn how to make managerial decisions using a case study on Normal Distribution. This case uses concepts from Weeks 1 and 2. It provides students an opportunity to perform sensitivity analysis and make a decision while providing their own rationale. This assignment also shows students that statistics is rarely used by itself. It shows tight integration of statistics with product management. Word count requirement 750-800.

Use the sales forecaster’s prediction to describe a normal probability distribution that can be used to approximate the demand distribution.

Sketch the distribution and show its mean and standard deviation. Hint: To find

Compute the probability of a stock-out for the order quantities suggested by  members of the management team (i.e. 15,000; 18,000; 24,000; 28,000).

Compute the projected profit for the order quantities suggested by the management team under three scenarios: pessimistic in which sales are 10,000 units, most likely case in which sales are 20,000 units, and optimistic in which sales are 30,000 units.

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