(Chapter 13 Newsvendor Problem) The Winona Knit Mercantile (WKM), a chain of retailers of wool sweaters, purchases the sweaters from an lowa wholesaler, Chilwool Inc. (CI), at $15 per unit which WKM orders 3 months ahead of the selling season. WKM's retail price is $30. At the end of the selling season, discount outlets such as Marshall's buy the sweaters from WKM at $13 each. WKM's demand forecast for the sweater is normally distributed with a mean of 2,500 sweaters and standard deviation of 1,200 sweaters. Approximately what is WKM's optimal leftover inventory worth in the secondary market at the end of the selling season? (Use Table 13.4 and round-up rule) TABLE 13.4 The D1 and Expected ventry, 80% Functions for the Standard Distinction Fun An Fin F A 140 0000 0000 -1 0000 0455 14 TAMY -39 0000 0000 15 15293 -38 0001 0000 1357 16 9452 16333 -37 0001 0000 -10 1587 0033 17 19554 17183 -36 0002 0000 -09 1841 1004 18 3641 18143 0002 0001 2119 1303 EN 9713 -34 0003 0001 3430 1429 20 9732 20005 -33 0006 0001 -08 3745 5683 21 3.1065 0007 0003 3085 33 33049 0010 0003 744 3304 33 23037 30 0013 0004 4 3688 3.4 -30 0019 -83 4307 3065 2.5 9930 28030 020 000 4600 3009 34 9953 30015 9 0035 0011 . 5000 3009 37 3965 27011 -38 0047 0018 5300 ASO9 28 9974 0030 3 3793 3069 29 2061 0003 0037 9 6179 28000 30000 30004 43 6554 6304 31 9990 3.1003 -33 0139 AUTH 33 33003 0179 0005 A 7257 7487 33 995 33001 0320 0000 8439 3.4 34001 -19 0361 7881 9303 35 3908 35001 . 10004 38 3918 36000 0446 13 10 N413 LOWES 37 37000 054 0333 NO AM 0000 13 8545 1.2501 29 14 13 40 3999 1.0000 10000 38000 4000