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

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Definitions:

Inventory Units

Inventory units refer to the individual items or products that are held in stock by a business, awaiting sale or use in production.

Aardvark Ltd

A hypothetical or specific company named Aardvark Ltd, without context its nature or industry cannot be defined.

Budgeted Production

The quantity of products that a company plans to produce over a specific period, often used for planning and resource allocation.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to the end user.