Purpose of Assignment
The purpose of this assignment is for students to learn how to make managerial decisions using a case study on Normal Distribution. This case uses concepts from Weeks 1 and 2. It provides students an opportunity to perform sensitivity analysis and make a decision while providing their own rationale. This assignment also shows students that statistics is rarely used by itself. It shows tight integration of statistics with product management.
Resources: Microsoft Excel®, SuperFun Toys Case Study, SuperFun Toys Case Study Data Set
Review the SuperFun Toys Case Study and Data Set.
Develop a 210 word case study analysis including the following:
- Compute the probability of a stock-out for the order quantities suggested by members of the management team (i.e. 15,000; 18,000; 24,000; 28,000).
Format your assignment consistent with APA format.