A trend chart was produced by RSPE software and is shown below. Profit was defin

Question

A trend chart was produced by RSPE software and is shown below. Profit was defined as the output variable. In reference to the chart below, which of the following statements is true? Trend Chart Mean 75 Percent Band 90 Percent Band $70.00 $60.00 $50.00 $40.00 30.00 $20.00 $10.00 40 45 50 60 65 70 Parameter OrderQuantity The greatest downside risk is associated with an order quantity of 70 An order quantity of 45 is the lowest risk option to select. The best choice is an order quantity of 70 because the range of possible outcomes is the greatest. The highest expected value result is when an order quantity of 65 is selected. All of the above.

Explanation / Answer

option D). the highest expected value result is when an order quantity of 65 is selected.

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