Question: Question 28 1 points Save Answer Problems 28 to 31 refer to the following: Dan McClure owns a thriving independent bookstore in artsy New Hope,

Question 28 1 points Save Answer Problems 28 to

Question 28 1 points Save Answer Problems 28 to 31 refer to the following: Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how many copies to order of a new book, Power and Self Destruction, an expos on a famous politician's lurid affairs. Interest in the book will be intense at first and then fizzle quickly as attention turns to other celebrities. The book's retail price is $19, and the wholesale price is $13. The publisher will buy-back the retailer's leftover copies at a full refund, but McClure Books incurs $5 in shipping and handling costs for each book retumed to the publisher. Dan believes his demand forecast can be represented by a Normal distribution with mean 150 and standard deviation 80. Dan will consider this book to be a blockbuster for him if it sells more than 365 units. Using Table 13.4 and the round-up function, what is the probability Power and Self Destruction will be a blockbuster? A. 0.0233 B. 0.0057 C. 0.0455 D. 0.0035 Question 28 1 points Save Answer Problems 28 to 31 refer to the following: Dan McClure owns a thriving independent bookstore in artsy New Hope, Pennsylvania. He must decide how many copies to order of a new book, Power and Self Destruction, an expos on a famous politician's lurid affairs. Interest in the book will be intense at first and then fizzle quickly as attention turns to other celebrities. The book's retail price is $19, and the wholesale price is $13. The publisher will buy-back the retailer's leftover copies at a full refund, but McClure Books incurs $5 in shipping and handling costs for each book retumed to the publisher. Dan believes his demand forecast can be represented by a Normal distribution with mean 150 and standard deviation 80. Dan will consider this book to be a blockbuster for him if it sells more than 365 units. Using Table 13.4 and the round-up function, what is the probability Power and Self Destruction will be a blockbuster? A. 0.0233 B. 0.0057 C. 0.0455 D. 0.0035

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