Suppose the programs for a lions home game cost 200 to, Ask an Expert

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Suppose the programs for a Lions home game cost $2.00 to print and sell for $5.00. Program demand is normally distributed with a mean of 30,000 and a standard deviation of 2000

a. Based on the shortage cost and the overage cost, how many programs should be printed?

b. Suppose the service level for program sales is 95%. i. How many programs should be printed? ii. What is the implied shortage cost?

c. Construct a graph showing the number of programs printed and the implied shortage cost for service levels from 90% to 99% in increments of 1%.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M91796856

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