QNT 561 Week 3 Team Assignment, SuperFun Toys Case Study
SuperFun Toys has decided for the 2018 holiday season to sell a new talking teddy bear called Weather Teddy. This has a built-in barometer that selects one of five responses predicting the weather when a child presses the bear’s hand. Management has recommended ordering quantities of 15,000, 18,000, 24,000 or 28,000 units. This illustrates a lack of consensus of market demand. Team will use the forecaster’s prediction to describe a normal probability distribution to approximate the demand distribution, will sketch the distribution to show its mean and standard deviation, will compute the probability of a stock-out for the order quantities (15,000; 18000; 24,000; 28000), and compute the projected profit for the order quantities……..