Purpose of AssignmentThis assignment has two cases. The first case is on expansion strategy. Managers constantly have to make decisions under uncertainty. This assignment gives students an opportunity to use the mean and standard deviation of probability distributions to make a decision on expansion strategy. The second case is on determining at which point a manager should re-order a printer so he or she doesn’t run out-of-stock. The second case uses normal distribution. The first case demonstrates application of statistics in finance and the second case demonstrates application of statistics in operations management.Assignment StepsResources:ÿMicrosoft Excel?, Bell Computer Company Forecasts data set, Case Study ScenariosÿWriteÿa 1,050-word report based on the Bell Computer Company Forecasts data set and Case Study Scenarios.ÿIncludeÿanswers to the following:ÿCase 1: Bell Computer CompanyCompute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?ÿCase 2: Kyle Bits and BytesWhat should be the re-order point? How many HP laser printers should he have in stock when he re-orders from the manufacturer?Grading GuideContentMetPartially MetNot MetComments:Write a 1,050-word report based on the Bell Computer Company Forecasts data set and Case Study Scenarios.Case 1: Bell Computer Companyúÿÿÿÿÿÿ Compute the expected value for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of maximizing the expected profit?Compute the variation for the profit associated with the two expansion alternatives. Which decision is preferred for the objective of minimizing the risk or uncertainty?Case 2: Kyle Bits and Bytesúÿÿÿÿÿÿ What should be the re-order point? How many HP laser printers should he have in stock when he re-orders from the manufacturer?3#/3Writing GuidelinesMetPartially MetNot MetComments:The paper?including tables and graphs, headings, title page, and reference page?is consistent with APA formatting guidelines and meets course-level requirements.Intellectual property is recognized with in-text citations and a reference page.Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.Sentences are complete, clear, and concise.Rules of grammar and usage are followed including spelling and punctuation.Total AvailableTotal Earned2#/2Assignment Total#5#/5Additional comments: