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PA 13-1(Algo) Dan McClure owns a thriving independent bookstore..
Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how many copies to order of a new book, Power and Self-Destruction, an expos on a famous politician's lurid affairs. Interest in the book will be intense at first and then fizzle quickly as attention turns to other celebrities. The book's retail price is $24, and the wholesale price is $18. The publisher will buy back the retailer's leftover copies at a full refund, but McClure Books incurs $12 in shipping and handling costs for each book returned to the publisher. Dan believes his demand forecast can be represented by a normal distribution with a mean of 200 and a standard deviation of 70. Use Table 13.4.
Note: 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.
Dan will consider this book to be a blockbuster for him if it sells more than 375 units. Using Table 13.4 and the round-up rule, what is the probability that Power and Self-Destruction will be a blockbuster?
Note: Round your answer to 4 decimal places.

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