Superfun toys case study | Statistics homework help

  

Assignment Steps 

Resources: Microsoft Excel®, SuperFun Toys Case Study, SuperFun Toys Case Study Data Set 

Review the SuperFun Toys Case Study and Data Set. 

Complete the Excel SuperFun Toys Case Study Data Set spreadsheet that includes two tabs, found under Student Materials. The calculations from the worksheet should be used to provide the analysis for the case study paper.

Write a 500- to 750-word case study paper that provides the interpretation of the results for 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).
  • 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.
  • One of      SuperFun’s managers felt the profit potential was so great the order      quantity should have a 70% chance of meeting demand and only a 30% chance      of any stock- outs. What quantity would be ordered under this policy, and      what is the projected profit under the three sales scenarios?
  • Be sure to show your work      in the Excel Spreadsheet.

Format your assignment consistent with APA format with at least one (1) peer-reviewed reference and at least one reference from the assigned readings. Please include an Introduction, at least two (2) Level One Headings and Conclusion Heading.

Submit both the Excel SuperFun Toys Case Study Data Set Spreadsheet and the paper 

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