Question: Problem 13-39 Burger Prince buys top-grade ground beef for $1.10 per pound. A large sign over the entrance guarantees that the meat is fresh daily.

Problem 13-39 Burger Prince buys top-grade ground

Problem 13-39 Burger Prince buys top-grade ground

Problem 13-39 Burger Prince buys top-grade ground beef for $1.10 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 80 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 65 cents each. Labor, overhead, meat, buns, and condiments cost 55 cents per burger. Demand is normally distributed with a mean of 393 pounds per day and a standard deviation of 38 pounds per day. What daily order quantity is optimal? (Hint: Shortage cost must be in dollars per pound.) (Round your answer to 1 decimal place.) Use Table Optimal daily order quantity Z 00 01 02 .03 04 05 06 07 08 09 0 1 2 3 4 5000 5398 5793 6179 6554 5040 5438 5832 .6217 6591 5080 25478 5871 .6255 6628 5120 5517 5910 .6293 .6664 5160 5557 5948 .6331 .6700 5199 5596 5987 .6368 6735 5239 5636 .6026 .6406 6772 5279 5675 .6054 6443 6808 5319 5714 6103 .6480 6844 15359 5753 6141 6517 6379 5 6 17 8 6915 47257 7580 7881 8159 6950 7291 7611 17910 8185 6985 7324 17642 17939 8212 .7019 7351 7673 7967 8238 7054 7389 7703 7995 8254 7088 7422 7734 8023 8289 7123 7454 .7764 18051 8315 7157 7486 7794 8078 8340 .7190 7517 17823 8106 8365 7224 7549 17852 813 8389 1.0 1.1 1.2 13 1.4 8413 8643 8849 9032 9192 8438 8665 8869 9049 9207 .8461 18686 8888 9066 9222 18485 8708 8907 9082 9236 8508 8729 8925 9099 9251 18531 8749 8944 9115 9265 8554 8770 8962 9131 .9279 .8577 8790 8980 9147 9292 8599 8810 8997 9162 9306 8621 8830 9015 9177 9319 1.5 1.6 1.7 1.8 1.9 9332 .9452 9554 .g641 9713 9345 9463 9564 9649 9719 9357 9474 9573 9656 9726 9370 9484 9582 9664 9732 9382 9495 9591 9671 9738 9394 9505 9599 9678 .9744 9406 9515 9608 9686 9750 9418 9525 9616 9693 9756 9429 9535 9525 9599 .9761 9441 9545 9633 706 9767 2.0 2.1 2.2 2.3 24 9772 9821 9861 9893 9918 9778 9825 9864 9896 9920 9783 9830 9868 9898 9922 9788 9834 9871 9901 9925 9793 9838 9875 9904 9927 9798 9842 9878 9906 9929 9803 9846 9881 9909 9931 9808 3850 9884 9911 9932 9812 9854 9887 9913 .9934 9817 9857 9890 9916 9935 2.5 2.6 2.7 2.8 2.9 9938 9953 9965 9974 9981 9940 9955 9966 9975 9982 9941 9956 9967 9975 9982 9943 9957 9968 9977 9983 9945 9959 9969 9977 9984 9946 9960 9970 9978 9984 9948 .9961 .9971 9979 9985 19949 9962 9972 .9979 9985 9951 9963 9973 9980 .9986 9952 9954 9974 9981 9986 3.0 3.1 3.2 3.3 3.4 9987 9990 9993 9995 9997 9987 9991 9993 9995 9997 9987 9991 9994 9995 9997 9988 9991 9994 9996 9997 9988 9992 9994 9996 9997 9989 9992 9994 9996 9997 9989 9992 9994 9996 9997 9989 9992 .9995 9996 9997 9990 9993 9995 9996 9997 9990 9993 9995 9997 9998

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