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Wilson Mfg normally builds 25 units per week.  It costs $55 to make a unit. Each time they receive order and they have no unit in stock it costs them $30 in lost business.  If they've too many units to sell that week it costs them $5 inventory it.  A survey of recent sales follows: For each and every sale they receive $85$,

No. sold

2

3

4

5

6

No of days

4

7

8

5

1

Simulate sales for 10 weeks and decide whether they must build more, less, or the same number of units.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
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