Upon further reflection Dan decided to look at the historical data on forecasts and actual sales of comparable books:Book Forecast Actuala 800 702b 850 1568c 875 1648 e 900 1319f 925 878g 925 1200 h 950 1499i 975 437j 1000 606k 1025 1204l 1150 476m 1200 454n 1275 1382o 1400 486p 1450 1691q 1800 466Question: Suppose the appropriate critical ratio to choose an order quantity is 0.69 (which may or may not correspond to the critical ratio evaluated in other questions) and Dan’s forecast remains 1000 books. If Dan were to use the empirical distribution function table to choose an order how many books would he purchase?Question 2:Suppose Dan orders four copies of the poetry book. What is Dan’s expected sales? Show all work.
