Answered step by step
Verified Expert Solution
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.
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started