Question: how to solve this without excel or solver? step by step explanation for solving by hand of NORMINV because i am not allowed to use

 how to solve this without excel or solver? step by step

how to solve this without excel or solver? step by step explanation for solving by hand of NORMINV because i am not allowed to use excel or any other solver so how do i do it

explanation for solving by hand of NORMINV because i am not allowed

Revenue from segment A, PA = $3.50 per cubic foot Revenue from segment B, PB = $2.00 per cubic foot Mean demand for segment A, DA = 3,000 cubic feet Standard deviation of demand for segment A, OA = 1,000 cubic feet Using Equation 16.4, the capacity to be reserved for segment A is given by CA = NORMINV ( 1 - PB/ PA, DA, CA) = NORMINV ( 1 - 2.00 / 3.50, 3,000, 1,000) = 2.820 cubic feet Thus, ToFrom should reserve 2,820 cubic feet of truck capacity for segment A when customers from this segment are willing to pay $3.50 per cubic foot. If the amount customers are willing to pay increases from $3.50 to $5.00, the reserved capacity should be increased to CA = NORMINV ( 1 - PB / PA, DA, JA) = NORMINV ( 1 - 2.00 /5.00, 3,000, 1,000) = 3.253 cubic feet

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