Hw2 question 7

AState X Question 7 - HW2 - Connect x G Sign in - Google Accounts X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbblearn.astate.edu%252Fweb Upda 4 Some ps YouTube Maps News M Gmail @ Customer Login D datacamp autom HW2 8 Saved Upgrad Get Dark new Ma 7 Problem 11-9 (Static) Sally's Silk Screening produces specialty T-shirts that are primarily sold at special events. She is trying to decide how many to produce points for an upcoming event. During the event, Sally can sell T-shirts for $20 apiece. However, when the event ends, any unsold T-shirts are sold for $4 apiece. It costs Sally $8 to make a specialty T-shirt. Sally's estimate of demand is the following: DEMAND PROBABILITY BOOK 300 0.05 400 0.10 References 500 0.40 600 0.30 700 0. 10 800 0 . 0 a. What is the service rate (or optimal fractile)? (Round your answer to 2 decimal places.) Service rate b. How many T-shirts should she produce for the upcoming event? Number of T-shirts Braw 7 of 10 Next > MacBook Air