4 A hot dog vendor at Wrigley Field sells hot dogs for $1.50 each. He buys them...
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4 A hot dog vendor at Wrigley Field sells hot dogs for
$1.50 each. He buys them for $1.20 each. All the hot dogs he fails to sell at Wrigley Field during the afternoon can be sold that evening at Comiskey Park for $1 each. The daily demand for hot dogs at Wrigley Field is normally distributed with a mean of 40 and a standard deviation of 10.
a If the vendor buys hot dogs once a day, how many should he buy?
b If he buys 52 hot dogs, what is the probability that he will meet all of the day’s demand for hot dogs at Wrigley?
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Related Book For
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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