Answer the Following Question(s) Using the Risk Solver Platform (5000

question 12

Multiple Choice

Answer the following question(s) using the Risk Solver Platform (5000 trials per simulation; use the Latin Hypercube sampling method) .
Consider the spreadsheet for a Newsvendor Model. $\begin{array}{|l|l|c|c|l|c|}\hline &{\text { A }} & \text { B } & \text { C } & \text { D } & \text { E } \\\hline 1 & \text { Newsvendor Model } & & & \begin{array}{l}\text { Historical } \\\text { Candy Sales }\end{array} &\$ 264.00 \\\hline 2 & & && 50 & \$ 264.00 \\\hline 3 && \text { Data } & & 45 & \$ 264.00 \\\hline 4 && & & 40 & \$ 228.00 \\\hline 5 & \text { Sellingprice } & \$ 18.00 && 46 & \$ 264.00 \\\hline 6 & \text { Cost } & \$ 12.00 && 43 & \$ 255.00 \\\hline 7 & \text { Discount price } & \$ 9.00 && 43 & \$ 255.00 \\\hline 8 & & && 46 & \$ 264.00 \\\hline 9 & \text { Model } & && 42 & \$ 246.00 \\\hline 10 & & && 44 & \$ 264.00 \\\hline 11 & \text { Demand } & 44 && 43 & \$ 255.00 \\\hline 12 & \text { Purchase Quantity } & 44 && 47 & \$ 264.00 \\\hline 13 & & && 41 & \$ 237.00 \\\hline 14 & \text { Quantity Sold } & && 41 & \$ 237.00 \\\hline 15 & \text { Surplus Quantity } & && 45 & \$ 264.00 \\\hline 16 & & && 51 & \$ 264.00 \\\hline 17 & \text { Profit } & && 43 & \$ 255.00 \\\hline 18 & & & & 45 & \$ 264.00 \\\hline 19 & & & & 42 & \$ 246.00 \\\hline 20 & & & & 44 & \$ 264.00 \\\hline 21 & & & & 48 & \$ 264.00 \\\hline 22 & & & \text { Average Profit } & & \\\hline\end{array}$
-What is the purchase quantity lower cutoff if the likelihood is 75%?

• A) 264
• B) 255
• C) 246
• D) 228

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Definitions:

Infertility Rate

The percentage of the population that is not able to conceive after a year of regular, unprotected sexual intercourse.

Infertility

The inability to conceive a child after trying for at least a year.

Hearing Loss

A partial or total inability to hear sounds, which can occur in one or both ears and range in severity from mild to profound.

Construction

The process of building or assembling structures, such as buildings or roads, often involving the use of materials like steel, concrete, and wood.