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3. Raaj Logistics has plenty of warehouse space to offer. They have identified two segments of customers, one willing to pay@20/sft while the other, requiring

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3. Raaj Logistics has plenty of warehouse space to offer. They have identified two segments of customers, one willing to pay@20/sft while the other, requiring more protection, willing to pay 40/sft. The latter customer's requirement is probabilistic and the demand follows a normal distribution with a mean of 30000sft with a standard deviation of 6000 sft. How many sft should Raaj hold for the high paying customer? For want of more certainty, this high end customer is now willing to pay 50/sft. How much more space can he be assured of now? ( sft MEANS SQUARE FOOT) 3. Raaj Logistics has plenty of warehouse space to offer. They have identified two segments of customers, one willing to pay@20/sft while the other, requiring more protection, willing to pay 40/sft. The latter customer's requirement is probabilistic and the demand follows a normal distribution with a mean of 30000sft with a standard deviation of 6000 sft. How many sft should Raaj hold for the high paying customer? For want of more certainty, this high end customer is now willing to pay 50/sft. How much more space can he be assured of now? ( sft MEANS SQUARE FOOT)

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