A small grocery store sells fresh produce, which it obtains from a local farmer. During the straw-berry

Question:

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 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?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...