Rachel is making T-shirts that she hopes to sell at the upcoming War on War concert. The
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Rachel is making T-shirts that she hopes to sell at the upcoming “War on War” concert. The T-shirts cost $6 each to produce, and she will price them at $20 each. She expects that she can donate any unsold T-shirts to a local charity for a tax write-off of $2 each. Based on her experience at past concerts, Rachel expects to sell 1,000 T-shirts, with a standard deviation of 100 T-shirts.
a. How many T-shirts should Rachel make?
b. What is the probability that she will run out of shirts to sell?
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Related Book For
Managing Operations Across The Supply Chain
ISBN: 9781260547634
4th Edition
Authors: Morgan Swink, Steven Melnyk, Janet L. Hartley, M. Bixby Cooper
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