Question: (Here is the needed statistic table StatTables.pdf )You operate a small tee-shirt silk screening company. Your school's basketball team, Torero, has just made it to

 (Here is the needed statistic table StatTables.pdf )You operate a small

(Here is the needed statistic table StatTables.pdf )You operate a small tee-shirt silk screening company. Your school's basketball team, Torero, has just made it to the Championship game, which will be played in one week. You are considering selling tee-shirts with "Torero Champions" blazed across the top of the shirt along with the team's mascot. If the team indeed wins, these shirts will sell extremely well, but if they lose, then the demand will be very low. Unfortunately, you must print the shirts before the game because otherwise there will not be enough time to take advantage of the hype. You estimate that the demand is a normal random variable with a mean of 15000 and standard deviation 7000 . It costs $5.50 to buy and silk screen each shirt, you will sell these shirts for $12.50 each and any leftover shirts (whether the team wins or loses) can be sold to a liquidator for $1.50 each. Suppose your print 18,000 shirts, then what are your expected lost sales? Choose the closest answer. 1187 844 1542 None of the above

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