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Safari File Edit View History Bookmarks Window Q Wed Nov 9 10:15 PM G R A ezto.mheducation.com C + 88 GCU Grand Canyon University |...
Safari File Edit View History Bookmarks Window Q Wed Nov 9 10:15 PM G R A ezto.mheducation.com C + 88 GCU Grand Canyon University |... Student Portal | Main h MGT-655 Gradebook x Question 4 - Topic 7 Assig... Simplifying Materials Plan... Dashboard FOOD . Cvent Passkey...anner Portal IHI: Learning..ement System Dan & Abby |...deo on Vimeo Add to Babylist ASHLEY + STE...bsite / Blog Ashley & Ste...deo on Vimeo Roxanne & Gr...eo on Vimeo > > Topic 7 Assignment i Saved Help Save & Exit Submit Check my work P Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper 2.14 for $0.45 a copy. You sell a copy of San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard points deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. Skipped a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) eBook Optimal order quantity Hint Print References b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) Probability % Mc Graw Hill
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