dolution
dolution.
Given the following table:
Average football game attendance | Last Year’s Actual Sales (full price) | Rhonda’s forecast for next year | Steve’s forecast for next year | Market research forecast for next year | Average forecast | Standard Deviation | |
Ohio State | 105,261 | 2,300 | 2,500 | 2,200 | 2,800 | 2,500 | 300 |
Michigan | 108,933 | 1,468 | 1,800 | 1,500 | 2,000 | 1,767 | 252 |
Purdu | 50,457 | 890 | 1,000 | 900 | 1,100 | 1,000 | 100 |
Michigan State | 74,741 | — | 1,750 | 1,500 | 1,600 | 1,617 | 126 |
Indiana | 41,833 | — | 600 | 500 | 450 | 517 | 76 |
Penn State | 107,008 | — | 2,000 | 1,600 | 2,050 |
a) How many sweaters should you order this year? Break down your order by individual school. Document your calculations in a spreadsheet. Calculate this based on the aggregate forecast and also the forecast by individual school.
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Order Paper Nowb) What do you think they could make this year? They are paying you $40,000 and you expect your benefit package addition would be about $1,000 per year. Assume that they order based on the aggregate forecast.