Identify Different Business Uses for Statistics and the Major Statistical

question 32

Multiple Choice

Identify different business uses for statistics and the major statistical tools businesses use
Use the table below to answer the following question(s) .
Sujito Electronix makes headphones for $22 and sells them for $32. Sujito has sold at least 50 headphones on average per week in the past, though the actual demand is unknown. Sujito has also often run short of supply in the past. After three months of release, the headphones are sold at 40 percent discount. The spreadsheet below shows Sujito's sales and demand for the headphones. We take demand at 51, and quantity produced at 55. $\begin{array}{|l|l|}\hline\begin{array}{l}\text { Newsvendor model for } \\\text { Sujito's headphones }\end{array} & \\\hline & \\\hline \text { Data } & \\\hline & \\\hline \text { Selling Price } & \$ 32 \\\hline \text { Cost } & \$ 22 \\\hline \text { Discount Price } & \$ 19.2 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Demand } & 51 \\\hline \text { Produced Quantity } & 55 \\\hline & \\\hline \text { Quantity Sold } & \\\hline \text { Surphus Quantity } & \\\hline\end{array}$
-Calculate the net profit for the headphones.

• A) $586.8
• B) $498.8
• C) $1653.8
• D) $466.8

---

Definitions:

Oxygen Requirements

The specific amount of oxygen needed by organisms to sustain their life processes.

Oxygen-Demanding Wastes

Waste materials, typically organic in nature, that reduce the dissolved oxygen in water bodies, affecting aquatic life.

Water Recovery

A process of reclaiming used water for reuse, often involving the treatment of wastewater to remove pollutants and impurities.

Surface Runoff

Water from rain, snowmelt, or other sources that flows over the land's surface and is not absorbed into the ground.