For Questions 1-3, use the following information:

Green Thumb, a manufacturer of lawn care equipment, has introduced a new product. Each unit costs $100 to manufacture, and the introductory price is $250. At this price, the anticipated demand is normally distributed with a mean m=200 and a standard deviation of s=140. Any unsold units at the end of the season will be sold at post=season sale for $70 each. It costs $20 to hold a unit in inventory for the entire season.

Question 1:

How many units should Green Thumb manufacture for sale?

Group of answer choices

Less than 280

Between 290 and 300

More than 310

Between 300 and 310

Between 280 and 290

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Question 3

What is the expected profit from this policy?

Group of answer choices

More than $22,000

Less than $19,000

Between $21,000 and $22,000

Between $19,000 and $20,000

Between $20,000 and $21,000

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Question 4

On average, how many customers does Green Thumb expect to turn away because of stocking out?

Group of answer choices

Between 30 and 35

Between 20 and 25

Between 25 and 30

More than 35

Less than 20