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Suppose you are a manager at a ski resort in Utah. The ski resort collects and keeps data on the demand for ski rentals over the past several seasons.

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8. Question 8 This question relates to concepts covered in Sessions 3 and 4. You can use any of the excel files posted online to work through the Quiz. Suppose…

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Consider the demand at a store given by the data in the previous question, i.e., the demand at a store that can be modeled by a random variable with values and corresponding probabilities shown in Q2. Which of the following statements about the standard deviation of the demand distribution is true?

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3. Question 3 This question relates to concepts covered in Lectures 1 & 2. You can use any of the excel files posted to work through the question. Consider the…

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Sew Good is a fashion apparel chain that sells a variety of clothes in California. Below are the actual demands and the forecasts that Sew Good recorded for 20 of their clothing designs from the past season. In the following problem round all the ratio values to 2 decimal places.

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The number of customer requests for car rentals recorded on each day at a Philly Cars rental location is as follows:

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6. Question 6 The number of customer requests for car rentals recorded on each day at a Philly Cars rental location is as follows: Day Number of Car Rental Requests…

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Demand at a store can be modeled by a random variable which takes the following values across four different scenarios that occur with following probabilities

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2. Question 2 This question relates to concepts covered in Lectures 1 & 2. You can use any of the excel files posted to work through the question. Demand at…

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This question relates to concepts covered in Sessions 3 and 4. You can use any of the excel files posted online to work through the Quiz.

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9. Question 9 This question relates to concepts covered in Sessions 3 and 4. You can use any of the excel files posted online to work through the Quiz. The…

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Suppose we have a data set containing n=100 data points with the following descriptive statistics: mean = 80, and standard deviation = 18. We believe that this data sample comes from a normal distribution. Which of the following choices would you use for forecasting or predicting future demand values?

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4. Question 4 This question relates to concepts covered in Lectures 1 & 2. You can use any of the excel files posted to work through the question. Suppose we…

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This question relates to the Zooter Example discussed in Sessions 1 and 2, and tests your understanding of the algebraic model formulation. You can answer it without using Excel. Only use Excel if you cannot answer this question otherwise.

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4. Question 4 This question relates to the Zooter Example discussed in Sessions 1 and 2, and tests your understanding of the algebraic model formulation. You can answer it without…