Check My Work (3 remaining) eBook The demand for a product of Carolina Industrie
ID: 3057851 • Letter: C
Question
Check My Work (3 remaining) eBook The demand for a product of Carolina Industries varies greatly from month to month. The probability distribution in the following table, based on the past two years of data, shows the company's monthly demand Unit Demand 300 400 500 600 Probablity 0.17 0.32 0.35 0.16 a. If the company bases monthly orders on the expected value of the monthly demand, what should Carolina's monthly order quantity be for this product? The monthly order quantity should be b. Assume that each unit demanded generates $62 n revenue and that each unit ordered costs $51 How much will the company gain or lose in a month fit places an order based on your answer to part (a) and the actual units for the item is 384 units? Select your answer- Check My Work (3 remaining Question 7 of7 Save Submit Assigiment for Gradng Exercise 05.22 Algorithmic 12:19 AM 3/6/2018 1 0 Type here to searchExplanation / Answer
Check My Work (3 remaining) eBook The demand for a product of Carolina Industries varies greatly from month to month. The probability distribution in the following table, based on the past two years of data, shows the company's monthly demand Unit Demand 300 400 500 600 Probablity 0.17 0.32 0.35 0.16 a. If the company bases monthly orders on the expected value of the monthly demand, what should Carolina's monthly order quantity be for this product? The monthly order quantity should be b. Assume that each unit demanded generates $62 n revenue and that each unit ordered costs $51 How much will the company gain or lose in a month fit places an order based on your answer to part (a) and the actual units for the item is 384 units? Select your answer- Check My Work (3 remaining Question 7 of7 Save Submit Assigiment for Gradng Exercise 05.22 Algorithmic 12:19 AM 3/6/2018 1 0 Type here to search