The purpose of this assignment is for students to learn how to make m Homework Help

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Purpose of Assignment
The purpose of this assignment is f​
or students to learn how to make managerial decision
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
Review the SuperFun Toys Case Study and Data Set.
Develop a 1,050-word case study analysis including the following:
• 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 the
standard deviation, think Empirical Rule covered in Week 1.
• 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).