Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

You operate a small tee-shirt silk screening company. Your local professional football team has just made it to the NFC Championship game, which will be played in a couple days. You are considering selling tee-shirts with “NFC Champions” blazed across the top of the shirt along with the local team’s name and mascot. If the team indeed wins, these shirts will sell extremely well, but if they lose, then there will clearly be no demand for these shirts. Unfortunately, you must print the shirts before the game because otherwise there will not be enough time to take advantage of the hype. However, your team's quarterback is Brett Favre, so there is a 100% chance your team will win. With a win, you expect your demand will be normally distributed with mean 15000 and standard deviation 6000. It costs $5.50 to buy and silk screen each shirt, you will sell these shirts for $12.50 each and any leftover shirts (whether the team wins or loses) can be sold to a liquidator for $0.50 each.

Assuming the team will win, how many t-shirts should you make? Choose the closest answer.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91701063

Have any Question?


Related Questions in Operation Management

1 contracts can be classified asa formal or informalb

1. Contracts can be classified as: a. formal or informal. b. single or multiple. c. pre-contract and after-contract. d. all of the above. . 2. In which of the following cases is a contract between A and B binding? a. A m ...

Wedlock engineered productscynthia gao procurement manager

Wedlock Engineered Products Cynthia Gao, procurement manager for Wedlock Engineered Products in Buffalo, New York, was reviewing a proposal recommending that the company change suppliers for a critical raw material. It w ...

Assignmentthe emergence of human resources management as

Assignment The emergence of human resources management as its own department is a relatively new development in many organizations. While HR has not always existed as its own department, businesses and organizations-part ...

Single-period inventory systema local sub shop across town

Single-Period Inventory System A local sub shop across town makes sandwiches every morning to sell to U.S. Cellular store employees and customers at lunch time. Sandwiches are sold for $6.25 and cost $4.25 to make and de ...

1 which of the following is true a changing the

1. Which of the following is true: (a) changing the organizational culture is more difficult than maintaining it or (b) maintaining the organizational culture is more difficult than changing it? 2. Should the CFO be the ...

At a border inspection station vehicles arrive at the rate

At a border inspection station, vehicles arrive at the rate of 12 per hour in a Poisson distribution. For simplicity in this problem, assume that there is only one lane and one inspector, who can inspect vehicles at the ...

Demand for walnut fudge ice cream at the sweet cream dairy

Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 18 gallons per week and a standard deviation of 3.3 gallons per week. The new manager desires a servi ...

Read case analysis all it takes is for good men to do

Read Case Analysis, All It Takes Is For Good Men to Do Nothing, p. 397. Respond to the five questions at the end of the case on page. 398. Book: Effective Training Systems, Strategies and Practices. 1. Would a TNA be nee ...

1 should a small business invest its time and money in

1. Should a small business invest its time and money in acquiring and learning how to use some of the webtop applications mentioned in this case? Defend your answer based on your reviewof the webtop products from the sma ...

Use excel solver to answer the following question a corrupt

Use Excel solver to answer the following question: A corrupt shipping concern wishes to maximize the revenue they make from an analytics-bereft manufacturing concern, which has 4 factories and 3 warehouses. Factory 1 sup ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As