Operate a small tee-shirt silk screening

Assignment Help Operation Management

Reference no: EM13992217

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.

Reference no: EM13992217

Questions Cloud

Large employers to offer health insurance : Small employees are less likely than large employers to offer health insurance to their employees. One reason for this that health insurance tends to cost more for small employers than large employers. Explain why health tends to cost more for smalle..

Geographic location-return on investor desired : Geographic Location: Location the investor prefers. Industry: The industry your investor prefers. Revenue: Outline the level of profit you want the company to show. Return on Investor (ROI) Desired: The amount of ROI you desire. Technology Focus: The..

What are the optimal solution and total profit contribution : The Porsche Club of America sponsors driver education events that provide high- performance driving instruction on actual race tracks. Because safety is a primary consideration at such events, many owners elect to install roll bars in their cars. Wha..

Share your thoughts on the automatic investment plan : Share your thoughts on the Automatic Investment Plan (AIP). Does the AIP make sense for most people? Does it make sense for you? Do you plan to follow the principles of the AIP? Why or why not? in 75 to 150 words only.

Operate a small tee-shirt silk screening : 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. However, your team's quarterback is Brett Favre, so there is a 100% chan..

Persistent problem with starvation in some parts : Given the persistent problem with starvation in some parts of the world, and the anticipated population growth in developing nations, do we need genetically modified foods? Is it really a problem with supply, or is it a distribution problem? How woul..

Describe the various sources of debt capital : Please describe the various sources of debt capital and the advantages and disadvantages of each: banks, asset based lenders, vendors (trade credit), equipment suppliers, commercial finance companies, savings-and-loan associations, stockbrokers, cred..

Tremendous impact on society and our culture : Music has had a tremendous impact on society and our "culture" for the past 50 years. Which music genre do you believe has has the greatest impact on our society and the formation of our culture? Why? Provide examples to support your position? How ha..

Hypothesize a set of at least three arguments : Hypothesize a set of at least three arguments as to why innovation is important to the competitiveness of nations, companies, leaders, and individual employees.

User Account

All Pages