Problem 5 13 14 14 A Manufacturer Of A Smartphone Battery Estimates That Monthly Demand Follows A Normal Distribution 1 (357.52 KiB) Viewed 126 times
Problem 5 (13.14) 14. A manufacturer of a smartphone battery estimates that monthly demand follows a normal distribution with a mean of 400 units and standard deviation of 26. Material cost is uniformly distributed between $7.00 and $8.50. Fixed costs are $2,700 per month, regardless of the production rate. The selling price is $15 per unit. a. Use Analysis ToolPak or B, both with a seed of 1, to simulate 1,000 trials to estimate the expected monthly profit and standard deviation. Demand values need to be rounded to integers, and use two decimal places for the material cost. b. What are the best and worst profit scenarios for the company? Include screenshots of the relevant JMP output.
6 2 points Include screenshots (jpeg, jpg, png or pdf) of the relevant JMP output I I Î Drag n' Drop here or Browse I jpeg, jpg, png, pdf files only! I I
7 12 points Expected Monthly Profit: type your answer... type your answer... type your answer... type your answer... Standard Deviation: Best Profit Scenario for the Company: Worst Profit Scenario for the Company:
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