Use the data set shown below to answer the following question(s). For this Newsvendor model,fit a distribution with Crystal Ball and use the Decision Table tool for analysis.Use 5,000 trials for the simulation.
-Using Crystal Ball for the data set shown above,identify the purchase quantity that provides the largest average profit.
A)Purchase quantity 54
B)Purchase quantity 53
C)Purchase quantity 56
D)Purchase quantity 60

Question

Use the data set shown below to answer the following question(s).   For this Newsvendor model,fit a distribution with Crystal Ball and use the Decision Table tool for analysis.Use 5,000 trials for the simulation.
-Using Crystal Ball for the data set shown above,identify the purchase quantity that provides the largest average profit.
A)Purchase quantity 54 
B)Purchase quantity 53 
C)Purchase quantity 56 
D)Purchase quantity 60

Quizplus · Accepted Answer

Based on the simulation with Crystal Ball, the purchase quantity that provides the largest average profit is 56.

Use the Data Set Shown Below to Answer the Following