Case 1: Bell Computer Company
Compute the expected value for the profit associated with the two
expansion alternatives. Which decision is preferred for the objective
of maximizing the expected profit?
Compute the variation for the profit associated with the two
expansion alternatives. Which decision is preferred for the objective
of minimizing the risk or uncertainty?
Case 2: Kyle Bits and Bytes
What should be the re-order point? How many HP laser printers
should he have in stock when he re-orders from the manufacturer?
Format your assignment consistent with APA format.
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QNT 561 Week 3 Case Study SuperFun Toys (2
Papers)
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Individual Paper:
Purpose of Assignment
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.
Assignment Steps