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.

b) 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.

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