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Use Table 13.4 Geoff Gullo owns a small firm that manufactures "Gullo Sunglasses". This season's demand for this model will be normally distributed with mean 250 and standard deviation 125. Land's Start will sell those sunglasses for $97 each Geoff's unit production cost is $20. He has the opportunity to sell a particular seasonal model to Land's Start, a catalog retailer. Geoff offers Land's Start two purchasing options Geoff offers to set his price at $63 and agrees to credit Land's Start $53 for each unit Land's Start returns Option 1: to Geoff at the end of the season (because those units did not sell). Since styles change each year, there is essentially no value in the returned merchandise Geoff offers a price of $53 for each unit, but returns are no longer accepted. In this case Land's Start throws out unsold units at the end of the season If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method How much would Land's Start buy if they chose option 1? Use Table 13.4 and round-up rule 350 (Round your answer up to a whole number.) How much would Land's Start buy if they chose option 2? Use Table 13.4 and round-up rule (Round your answer up to a whole number.) 238 Use Table 13.4. Which option will Land's Start choose? Complete the table on the right: (Round your answer to 2 decimal places Option 1 Option2 Expected Inventory Expected sales Expected profit Suppose Land's Start chooses option 1 and orders 325 units. What is Geoff Gullo's expected profit? Use Table 13.4. Do not round intermediate calculations (Round your answer up to a whole number.) Use Table 13.4 Geoff Gullo owns a small firm that manufactures "Gullo Sunglasses". This season's demand for this model will be normally distributed with mean 250 and standard deviation 125. Land's Start will sell those sunglasses for $97 each Geoff's unit production cost is $20. He has the opportunity to sell a particular seasonal model to Land's Start, a catalog retailer. Geoff offers Land's Start two purchasing options Geoff offers to set his price at $63 and agrees to credit Land's Start $53 for each unit Land's Start returns Option 1: to Geoff at the end of the season (because those units did not sell). Since styles change each year, there is essentially no value in the returned merchandise Geoff offers a price of $53 for each unit, but returns are no longer accepted. In this case Land's Start throws out unsold units at the end of the season If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method How much would Land's Start buy if they chose option 1? Use Table 13.4 and round-up rule 350 (Round your answer up to a whole number.) How much would Land's Start buy if they chose option 2? Use Table 13.4 and round-up rule (Round your answer up to a whole number.) 238 Use Table 13.4. Which option will Land's Start choose? Complete the table on the right: (Round your answer to 2 decimal places Option 1 Option2 Expected Inventory Expected sales Expected profit Suppose Land's Start chooses option 1 and orders 325 units. What is Geoff Gullo's expected profit? Use Table 13.4. Do not round intermediate calculations (Round your answer up to a whole number.)

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