Question: do e-i If Dan orders the quantity needed to achieve a 94% in-stock probability, then what e. is the probability that some customer won't be

do e-i
do e-i If Dan orders the quantity needed to
do e-i If Dan orders the quantity needed to
If Dan orders the quantity needed to achieve a 94% in-stock probability, then what e. is the probability that some customer won't be able to purchase a copy of the book? (Enter your answer as a percentage rounded to the nearest whole number.) Suppose Dan orders 300 copies of the book. Using Table 13.4 and the round-up f. method, calculate Dan's expected left-over inventory to a whole unit. Do not round intermediate calculations. (Round to the nearest whole number.) g. Suppose Dan orders 300 copies ofthe book. What is Dan's expected sales? Do not round intermediate calculations. (Round to the nearest whole number.) h. Suppose Dan orders 300 copies of the book. What is Dan's expected profit? Use your rounded Partfand g answers. (Round to the nearest whole number.) Use Table 13.4 and the round-up function to determine how many books Dan i. should order if he wants to achieve a 94% in-stock probability. Do not round intermediate calculations. (Round to the nearest whole number.) Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how many copies to order of a new book, Power and Self-Destruction, an expos on a famous politician's lurid affairs. Interest in the book will be Intense at first and then fizzle quickly as attention turns to other celebrities. The book's retail price is $25, and the wholesale price is $16. The publisher will buy back the retailer's leftover copies at a full refund, but McClure Books incurs $7 in shipping and handling costs for each book returned to the publisher. Dan believes his demand forecast can be represented by a normal distribution with a mean of 250 and a standard deviation of 90. Use Table 13.4

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