University of florida football programs

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University of Florida football programs are printed 1 week prior to each home game. Attendance averages 75 comma 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 10 comma 000 ?programs, and the cost to print each program is ?$2. Refer to the standard normal table LOADING... for? z-values. ?a) What is the cost of underestimating demand for each? program? b) What is the overage cost per? program? c) How many programs should be ordered per? game? Determine the correct formula to find the optimal stocking level. Choose the correct answer below. A. Optimal stocking levelequalsmu minus Upper Z times sigma B. Optimal stocking levelequalsleft parenthesis mu minus sigma right parenthesis times Upper Z C. Optimal stocking levelequalsmu plus Upper Z times sigma D. Optimal stocking levelequalsleft parenthesis mu plus sigma right parenthesis times Upper Z.

Reference no: EM132224487

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