University of Florida football programs are printed 1 week prior to each home game Attendance averages 90 000 screaming and

Question

University of Florida football programs are printed 1 week prior to each home game Attendance averages 90 000 screaming and loyal Gators fans of whom two thirds usually buy the program following a normal distribution for 5 each Unsold programs are sent to a recycling center that pays only 10 cents per program The standard deviation is 5 000 programs and the cost to print each program is 1 Refer to the standard normal table for z values a What is the cost of underestimating demand for each program C round your response to two decimal places

Kunduz · Accepted Answer

Click to see the answer