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

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A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 36 quarts per day and a standard deviation of 6 quarts per day. Excess costs run 35 cents per quart. The grocer orders 41 quarts per day. Use Table. What is the implied cost of shortage per quart? (Round your z value to 2 decimal places, your service level probability to 4 decimal places and your final answer to 2 decimal places.) Shortage cost per quart o1234 4 5678 onnae 5 6 18 19 201222 25 25 7 28 29 00 .01 .02 1.0 5040 5438 5793 5832 6915 6950 7257 7291 7580 7611 7881 7910 7939 9 8159 8186 8212 1.1 5000 5398 6179 6217 6554 6591 8413 8643 1.2 8849 1.3 9032 1.4 9192 1.5 9332 1.6 9452 1.7 9554 9641 9564 9649 9713 9719 23 9893 24 9918 9772 9778 9821 9826 9861 9864 9896 9920 9938 2.6 9953 27 9965 9345 9463 9981 8438 .8461 .8665 8686 .8869 8888 9049 9066 9207 9222 3.0 9987 3.1 9974 .9975 .9982 9940 9955 9966 5080 5478 5871 6255 6628 .9987 9990 9991 9993 3.2 9993 3.3 9995 ,9995 34 6985 7019 7324 7357 7642 7673 7967 8238 .03 5120 5517 5910 9357 9474 9573 9656 9726 6293 6664 8485 8708 8907 9082 9236 9370 9484 9582 9664 9732 9783 9788 9830 9834 9868 9871 9898 9901 9922 9925 9941 9956 9967 9976 9982 9983 .04 5160 5557 5948 6331 6700 7054 7389 .7703 7995 8264 9382 9495 8508 8531 8729 8749 8925 9099 9251 9591 9671 9738 9793 9838 .05 5199 5596 5987 6368 6736 9875 9904 9927 7088 7422 7734 8023 8289 9115 9265 9798 9842 8554 8770 8944 8962 8980 9878 9906 9929 9943 9957 9968 .9969 9977 .9977 9978 9984 .9984 9945 .9946 9959 9960 .06.07 5239 5636 6026 6406 6772 9394 9505 9515 9599 9608 9678 9686 9744 9750 9987 9988 9988 9989 9991 9991 9992 9992 9994 9994 9994 9994 9995 9996 9996 9996 9997 9997 9997 .9997 7123 7157 7190 7454 7486 7517 7764 7794 7823 8051 8078 8315 8340 5279 5319 5675 5714 6064 6103 6443 .6480 6808 6844 8997 9131 9147 9162 9279 9292 9306 .08 9406 9418 9429 9525 9535 9616 9625 9693 9699 9756 9761 9803 9846 9850 9948 9961 8577 8599 8790 8810 9949 9962 9970 9971 9972 9979 9979 9985 9985 9881 9884 9909 9911 9931 9932 9997 .9997 8106 8365 9808 9812 9854 9989 9989 9992 9992 9994 9995 9996 9996 9997 9887 9913 9934 9951 9963 9973 9980 9986 9990 9993 9995 9996 9997 .09 5359 5753 6141 6517 6879 7224 7549 7852 8133 8389 8621 8830 9015 9177 9319 9441 9545 9633 9706 9767 9817 9857 9890 9916 9936 9952 9964 9974 9981 9988 9990 9993 9995 9997 9998 A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 36 quarts per day and a standard deviation of 6 quarts per day. Excess costs run 35 cents per quart. The grocer orders 41 quarts per day. Use Table. What is the implied cost of shortage per quart? (Round your z value to 2 decimal places, your service level probability to 4 decimal places and your final answer to 2 decimal places.) Shortage cost per quart o1234 4 5678 onnae 5 6 18 19 201222 25 25 7 28 29 00 .01 .02 1.0 5040 5438 5793 5832 6915 6950 7257 7291 7580 7611 7881 7910 7939 9 8159 8186 8212 1.1 5000 5398 6179 6217 6554 6591 8413 8643 1.2 8849 1.3 9032 1.4 9192 1.5 9332 1.6 9452 1.7 9554 9641 9564 9649 9713 9719 23 9893 24 9918 9772 9778 9821 9826 9861 9864 9896 9920 9938 2.6 9953 27 9965 9345 9463 9981 8438 .8461 .8665 8686 .8869 8888 9049 9066 9207 9222 3.0 9987 3.1 9974 .9975 .9982 9940 9955 9966 5080 5478 5871 6255 6628 .9987 9990 9991 9993 3.2 9993 3.3 9995 ,9995 34 6985 7019 7324 7357 7642 7673 7967 8238 .03 5120 5517 5910 9357 9474 9573 9656 9726 6293 6664 8485 8708 8907 9082 9236 9370 9484 9582 9664 9732 9783 9788 9830 9834 9868 9871 9898 9901 9922 9925 9941 9956 9967 9976 9982 9983 .04 5160 5557 5948 6331 6700 7054 7389 .7703 7995 8264 9382 9495 8508 8531 8729 8749 8925 9099 9251 9591 9671 9738 9793 9838 .05 5199 5596 5987 6368 6736 9875 9904 9927 7088 7422 7734 8023 8289 9115 9265 9798 9842 8554 8770 8944 8962 8980 9878 9906 9929 9943 9957 9968 .9969 9977 .9977 9978 9984 .9984 9945 .9946 9959 9960 .06.07 5239 5636 6026 6406 6772 9394 9505 9515 9599 9608 9678 9686 9744 9750 9987 9988 9988 9989 9991 9991 9992 9992 9994 9994 9994 9994 9995 9996 9996 9996 9997 9997 9997 .9997 7123 7157 7190 7454 7486 7517 7764 7794 7823 8051 8078 8315 8340 5279 5319 5675 5714 6064 6103 6443 .6480 6808 6844 8997 9131 9147 9162 9279 9292 9306 .08 9406 9418 9429 9525 9535 9616 9625 9693 9699 9756 9761 9803 9846 9850 9948 9961 8577 8599 8790 8810 9949 9962 9970 9971 9972 9979 9979 9985 9985 9881 9884 9909 9911 9931 9932 9997 .9997 8106 8365 9808 9812 9854 9989 9989 9992 9992 9994 9995 9996 9996 9997 9887 9913 9934 9951 9963 9973 9980 9986 9990 9993 9995 9996 9997 .09 5359 5753 6141 6517 6879 7224 7549 7852 8133 8389 8621 8830 9015 9177 9319 9441 9545 9633 9706 9767 9817 9857 9890 9916 9936 9952 9964 9974 9981 9988 9990 9993 9995 9997 9998

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The implied cost of a shortage is the cost that the grocer incurs when they do not have enoug... View the full answer