where the production process starts by making a generic product in the first steps, then in the later steps it is differentiated into a specific, or customized product. Juantitative Questions 1. The drama club is hosting another bake sale. Based on past experience, the average number of cookies sold is 160 with a standard deviation of 10. It costs $7 to buy the ingredients for a batch of 24 cookies. The cookies are sold for 50 cents each. How many cookies should they ask people to make ahead of time? (10 points) 2. Packages of pie crust cost 50 cents wholesale. There is a $2 fee to place orders with the distributer. Estimated demand during the 1 week leadtime is 40 units with a standard deviation of 5, assuming the normal distribution is appropriate. The company has a 22% holding cost rate. The annual cost to carry one unit of backorder is $0.005. What parameter values should be used if the manager wishes to implement a (Q.r) model? (15 points) where the production process starts by making a generic product in the first steps, then in the later steps it is differentiated into a specific, or customized product. Juantitative Questions 1. The drama club is hosting another bake sale. Based on past experience, the average number of cookies sold is 160 with a standard deviation of 10. It costs $7 to buy the ingredients for a batch of 24 cookies. The cookies are sold for 50 cents each. How many cookies should they ask people to make ahead of time? (10 points) 2. Packages of pie crust cost 50 cents wholesale. There is a $2 fee to place orders with the distributer. Estimated demand during the 1 week leadtime is 40 units with a standard deviation of 5, assuming the normal distribution is appropriate. The company has a 22% holding cost rate. The annual cost to carry one unit of backorder is $0.005. What parameter values should be used if the manager wishes to implement a (Q.r) model? (15 points)