Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer as soon as possible. Will give thumbs up if correct. University of Florida football programs are printed 1 week prior to each home

Please answer as soon as possible. Will give thumbs up if correct.
image text in transcribed
image text in transcribed
University of Florida football programs are printed 1 week prior to each home game. Attendance averages 60,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program following a normal distribution, for 54 each Unsold programs are sent to a recycling center that pays only 20 cents per program, The standard deviation is 5,000 programs, and the cost to print each program is $2 Refer to the Mandard normal iaub for 2-values a) What is the cost of underestimating demand for each program? C=s (round your response to two decimal places) b) What is the overage cost per program? Co=(round your response to two decimal places) c) How many programs should be ordered per game? programs should be ordered per game (round your response to the nearest whole number) d) What is the stockout risk for this ordet size? Stockout risk cround your response to four decimal places) Z 0.0 0.1 0.2 0.3 0.4 0.6 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.6 1.6 1.7 1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.6 2.8 2.7 2.8 2.9 3.0 0.00 0.01 0.02 0.03 0.04 0.06 0.06 0.07 0.08 0.09 0.5000 0.5040 0.6080 0.5120 0.5160 0.6199 0.5239 0.5279 0.53190.6359 0.5398 0.5438 0.6478 0.5517 0.5557 0.6596 0.5636 0.5875 0.57140.6754 0.5793 0.5832 0.6871 0.5910 0.5948 0.6987 0.8026 0.6064 0.8103 0.6141 0.8179 0.6217 0.6265 0.82930.63310.6388 0.6406 0.6443 0.6480 0.6517 0.6554 0.6591 0.6828 0.86640.67000.6736 0.6772 0.8808 0.68440.8879 0.8915 0.6950 0.6985 0.7019 0.7054 0.7088 0.7123 0.7157 0.7190 0.7224 0.7258 0.7291 0.7324 0.7357 0.7389 0.7422 0.7454 0.748B 0.75180.7649 0.7580 0.7612 0.76420.7873 0.77040.7734 0.7784 0.7794 0.7823 0.7852 0.7881 0.79100.7939 0.7967 0.7996 0.8023 0.80510.8079 0.8106 0.8133 0.8159 0.8186 0.8212 0.8238 0.8264 0.8289 0.8316 0.8340 0.8365 0.8389 0.8413 0.8438 0.8461 0.84850.8508 0.8531 0.8654 0.85770.8599 0.8621 0.86430.8665 0.8686 0.8708 0.8729 0.87490.87700.8790 0.8810 0.8830 0.8849 0.8869 0.8888 0.8907 0.8925 0.89440.89620.8980 0.8997 0.9015 0.9032 0.9049 0.9068 0.9082 0.9099 0.9115 0.9131 0.9147 0.9162 0.9177 0.9192 0.9207 0.9222 0.9236 0.9251 0.9285 0.9279 0.9292 0.9306 0.9319 0.9332 0.9345 0.9357 0.9370 0.9382 0.9394 0.9406 0.9418 0.9430 0.9441 0.9452 0.9463 0.9474 0.9485 0.9495 0.9505 0.9515 0.9525 0.9535 0.9545 0.9554 0.9564 0.9573 0.95820.9591 0.9599 0.9608 0.96160.9625 0.9633 0.9641 0.9849 0.9866 0.9664 0.9671 0.9678 0.9686 0.9693 0.9700) 0.9706 0.9713 0.9719 0.9728 0.9732 0.9738 0.9744 0.9750 0.9766 0.9762 0.9767 0.97730.9778 0.97830.9788 0.9793 0.9798 0.98030.9808 0.9812 0.9817 0.98210.9826 0.9830 0.9834 0.9838 0.98420.9846 0.9860 0.98540.9857 0.98610.9865 0.9868 0.9871 0.9875 0.98780.9881 0.98840.9887 0.9890 0.9893 0.9896 0.9898 0.9901 0.9904 0.9906 0.99090.9911 0.99130.9916 0.9918 0.9920 0.9922 0.9926 0.9927 0.9929 0.9931 0.9932 0.9934 0.9936 0.99380.9940 | 0.9941 0.99430.9945 0.9946 0.9948 0.9949 0.99510.9952 0.9953 0.9955 0.9956 0.9957 0.99590.9960 0.9961 0.99620.99830.9984 0.9965 0.9966 0.9967 0.9988 0.99690999700.9971 0.9972 0.9973 0.9974 0.9974 0.9975 0.9978 0.9977 0.99770.9978 0.9979 0.99800.99800.9981 0.9981 0.9982 0.99830.9983 0.99840.99840.9986 0.9985 0.9986 0.9986 0.99870.99870.9987 0.9988 0.9988 0.9989 0.9990 0.9989 0.99900.9990 NINI

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 19 - Related-Party Transaction Ruse

Authors: Kate Mooney

1st Edition

0071719415, 9780071719414

More Books

Students also viewed these Accounting questions

Question

LO3 Describe the two most common methods of applying for a job.

Answered: 1 week ago

Question

LO1 Explain the strategic importance of the recruitment function.

Answered: 1 week ago