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Question 1. Consider a local club selling Christmas trees. If demand is normal with a mean of 200 and a standard deviation of 50 ,

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Question 1. Consider a local club selling Christmas trees. If demand is normal with a mean of 200 and a standard deviation of 50 , how many trees should the club stock if service level must be greater than 95% ? (for 95% service level, the corresponding z value is 1.65 .) Question 2. A newspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. Paper sales are normally distributed, with a mean of 100 and standard deviation of 10. He sells papers for $.5 and pays $.30 for them. Unsold papers are trashed with no salvage value. What % of the time will he experience a stockout? Question 1. Consider a local club selling Christmas trees. If demand is normal with a mean of 200 and a standard deviation of 50 , how many trees should the club stock if service level must be greater than 95% ? (for 95% service level, the corresponding z value is 1.65 .) Question 2. A newspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. Paper sales are normally distributed, with a mean of 100 and standard deviation of 10. He sells papers for $.5 and pays $.30 for them. Unsold papers are trashed with no salvage value. What % of the time will he experience a stockout

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