Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not Indicate Monsanto sells genetically modified seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $8 to make each kilogram (kg) of seed. It sells each kg for $45. if it has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, it only earns $3 per kg from the overseas market (but this is better than destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost-the farmers go to another supplier. As a forecast for demand, it will use a normal distribution with a mean of 325,000 and a standard deviation of 150,000. Use Table 13.4 Answer is complete but not entirely correct. If a part of the question specifies whether to use Table 13.4 or to use Excel, then credit for a correct answer will depend on using the specified method. How many kilograms should Montanso place in the warehouse before the growing season? Use Table 13.4 and round-up rule. a 418,000 b. 1,964,700 If Montanso put 375000 kgs in the warehouse, what is its expected revenue (include both domestic revenue and overseas revenue)? Use Table 13.4 and round-up rule. How many kilograms should Montanso place in the warehouse to minimize inventory while ensuring that the stockout probability is no greater than 10%? Use Table 13.4 and round-up rule c. 470,000 d. What is maximum profit for this seed? 11.100.000 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not Indicate Monsanto sells genetically modified seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $8 to make each kilogram (kg) of seed. It sells each kg for $45. if it has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, it only earns $3 per kg from the overseas market (but this is better than destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost-the farmers go to another supplier. As a forecast for demand, it will use a normal distribution with a mean of 325,000 and a standard deviation of 150,000. Use Table 13.4 Answer is complete but not entirely correct. If a part of the question specifies whether to use Table 13.4 or to use Excel, then credit for a correct answer will depend on using the specified method. How many kilograms should Montanso place in the warehouse before the growing season? Use Table 13.4 and round-up rule. a 418,000 b. 1,964,700 If Montanso put 375000 kgs in the warehouse, what is its expected revenue (include both domestic revenue and overseas revenue)? Use Table 13.4 and round-up rule. How many kilograms should Montanso place in the warehouse to minimize inventory while ensuring that the stockout probability is no greater than 10%? Use Table 13.4 and round-up rule c. 470,000 d. What is maximum profit for this seed? 11.100.000