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5 A small grocery store sells fresh produce, which it obtains from a local farmer During the strawberry season, demand for fresh strawberties can be
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A small grocery store sells fresh produce, which it obtains from a local farmer During the strawberry season, demand for fresh strawberties can be reasonably approximated using a normat distribution with a mean of 38 quarts per day and a standard deviation of 6 quarts per day. Excess costs run 35 cents per quart. The grocer orders 44 quarts per day. Use Table: What the the implied cost of shortage per quart? (Round your z value to 2 decimal places, your service level probability to 4 decimal ploces and your final onswer to 2 decimal places.) Answer is complete but not entirely correct Step by Step Solution
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