Help on D, E, F

TABLE 13.4 The Distribution and Expected Inventory Functions for the Standard Normal Distribution Function 0000 0000 -39 0000 0000 HE- 0001 0000 -37 0001 0000 0002 0000 -35 0002 0001 0003 0001 -33 0005 DOO 0007 0002 000 0003 0004 -10 000 0005 -28 0026 000 -27 SEDO 001 -25 0047 0015 -2.5 0020 -24 0027 LOLO CEDO -22 089 0049 -2 0129 0065 -20 0085 022 0143 -15 05. 0232 0293 -ES 1990 OR 900 -13 55 -12 1951 1960 ES .066 -10 1000 - 29 1202 -03 2020 5429 90- 27 Lac -04 2304 02 4207 3509 0 1 4509 2 53 5059 3 6079 7 5 5015 ST 6 750 9202 9 159 10004 10 EEROL 1166 98 676 12 12560 13 13055 14 9192 14367 15 9232 15293 16 16232 17 9641 183 19 973 1911 20 9772 2005 21 21065 22 26 22049 23 5293 23037 24 2.4027 25020 25 26 9953 25015 27 2011 28 2.800 2.9005 30 9987 30004 31 9990 9990 32 22 33 20 3.2003 22 3.2002 33000 9995 34001 SE 655 35001 26 999 36000 9999 3.7000 38 38000 39 10000 39000 40 10000 40000 PA 13-1 (Algo) Dan McClure owns a thriving independent bookstore.. 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 $24, and the wholesale price is $14. The publisher will buy back the retailer's leftover copies at a full refund, but McClure Books incurs $4 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 150 and a standard deviation of 70. Use Table 13.4. d. Using Table 13.4 and the round-up rule, calculate the order quantity that maximizes Dan's expected profit. Do not round intermediate calculations. 190 X (Round to the nearest whole number.) e. If Dan orders the quantity needed to achieve a 94% in-stock probability, then what is the probability that some customer won't be able to purchase a copy of the book? 259 X % (Enter your answer as a percentage rounded to the nearest whole number.) f. Suppose Dan orders 275 copies of the book. Using Table 13.4 and the round-up method, calculate Dan's expected left-over inventory to a whole unit. Do not round intermediate calculations. (Round to the nearest whole number.)