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Suppose That the Demand for Cars Is Normally Distributed with Mean

question 63

Essay

Suppose that the demand for cars is normally distributed with mean of 120 and standard deviation of 20.Use @Risk simulation add-in to determine the "best" order quantity; that is,the one that has the largest expected profit.Using the statistics and/or graphs from @Risk,discuss whether this order quantity would not be considered the "best" by the car dealer.


Definitions:

Major Organic Products

Primary substances formed as a result of organic reactions, often the focus of synthesis goals.

Major Product

The compound that is formed in the greatest yield in a chemical reaction, as predicted by the reaction mechanism.

Reaction

A process in which substances interact to form one or more new substances with different properties.

β-lactams

A class of antibiotics that include penicillins, characterized by a four-membered lactam ring.

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