Question: Problem 2 0 - 9 ( Algo ) Sofia's Silk Screening produces specialty T - shirts that are primarily sold at special events. Sofia is
Problem Algo
Sofia's Silk Screening produces specialty Tshirts that are primarily sold at special events. Sofia is trying to decide how many to
produce for an upcoming event. During the event, Sofia can sell Tshirts for $ each. However, when the event ends, any unsold T
shirts are sold for $ each. It costs Sofia's $ to make a specialty shirt. The company's estimate of demand is the following:
a What is the service rate or optimal fractile
Note: Round your answer to decimal places.
Service rate
b How many Tshirts should Sofia's produce for the upcoming event?
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