Question: Repeat Exercise 19.31, under the assumption that the bookstore manager has refused to purchase unsold programs for future games. Repeat exercise An athletic director must
Repeat exercise
An athletic director must order football programs well in advance of game day. She pays $1.00 for each program, and the selling price to fans is $5.00. Programs not sold at the game can be sold to the college bookstore for $0.30 each. Demand at the game is normally distributed, with μ = 3000 and σ = 500.
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Referring to exercise 1931 the marginal loss ML now becomes 100 Ther... View full answer
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