Expansion Strategy and Establishing a Re-Order Point

Can you help me understand this Statistics question?

No plagiarism please and cite the source.

Write a 1,050-word report based on the Bell Computer Company Forecasts data set and Case Study Scenarios.

Include answers to the following:

Case 1: Bell Computer Company

  • Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?
  • Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?

Case 2: Kyle Bits and Bytes

  • What should be the re-order point? How many HP laser printers should he have in stock when he re-orders from the manufacturer?

Format your assignment consistent with APA format. Show your work on your spreadsheet. Turn-in both the completed spreadsheet and paper. If you included the spreadsheet tables within the paper, then you only need to turn-in the paper.

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