For the Lorex case, they had to decide on what fill-target level should they set for their new drug. Even though the bottles were labelled at 10oz, it was not possible for each bottle to be exactly filled to that level. Overfill would mean waste of materials and underfill at times might have some kind of penalty. Without any prior history, Lorex decided to run a sample of 144 bottles that hopefully would help them. This is the type of decision that facesbusiness operations all the time. What fill-target would you recommend?

I wold suggest you set it up as a Profit and Loss statement for different levels of fill-target in Excel.Then you can compare profit levels for different fill-targets.