Question: III Homework: Hw3: Inventory Question 8, Problem 12.53 Part 1 of 4 HW Score: 40%, 12 of 30 points O Points: 0 of 3 Save

III Homework: Hw3: Inventory Question 8, Problem

III Homework: Hw3: Inventory Question 8, Problem 12.53 Part 1 of 4 HW Score: 40%, 12 of 30 points O Points: 0 of 3 Save Next Question University of Florida football programs are printed 1 week prior to each home game. Attendance averages 60,000 screaming and loyal Jom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 20 cents per program. The standard deviation is 10,000 programs, and the cost to print each program is $1. Refer to the standard normal table for z-values. a) What is the cost of underestimating demand for each program? Cs = $ (round your response to two decimal places). E

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