Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 10 Oct 2017 My Price 3.00

small grocery store

37.             A small grocery store sells fresh produce, which it obtains from a local farmer. During the straw- berry season, demand for fresh strawberries can be reasonably approximated using a normal distri- bution with a mean of 40 quarts per day and a standard deviation of 6 quarts per day. Excess costs run 35 cents per quart. The grocer orders 49 quarts per day.

a.    What is the implied cost of shortage per quart?

b.   Why might this be a reasonable figure?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Oct 2017 04:10 PM My Price 3.00

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