Use the Data Set Shown Below to Answer the Following

question 70

Multiple Choice

Use the data set shown below to answer the following question(s) . For this Newsvendor model,fit a distribution with Crystal Ball and use the Decision Table tool for analysis.Use 5,000 trials for the simulation.
-Which of the following provides the lowest average profit?

• A)Purchase quantity 57
• B)Purchase quantity 58
• C)Purchase quantity 59
• D)Purchase quantity 60

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Definitions:

Supply

The total amount of a product or service available for purchase at any given time.

Flat Tract

A large piece of land with minimal to no slope, often used in agriculture or construction due to its ease of modification.

River

A large natural stream of water flowing in a channel to the sea, a lake, or another river, often a central feature in ecosystems and human civilizations.

Lower Reaches

The downstream part of a river close to its mouth where it meets a larger body of water.