## 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.

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…

## 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?

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…

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

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…

## 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

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…

## Which of the following statements is a true statement about the Newsvendor model?

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

## 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.

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…

## 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?

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…

## 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.

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…