Question: Question 6: Sunglass Hut (10 points) Consider Ray-Ban's entry-level sunglasses for the coming season, the Bassano. Sunglass Hut purchases each one of those pairs of

Question 6: Sunglass Hut (10 points) Consider

Question 6: Sunglass Hut (10 points) Consider Ray-Ban's entry-level sunglasses for the coming season, the Bassano. Sunglass Hut purchases each one of those pairs of sunglasses from Ray-Ban for $75 and retails them for $ 115. Ray-Ban's production and shipping costs per pair are $35. At the end of the season, Sunglass Hut generally needs to offer deep discounts to sell remaining inventory. It estimates that it will only be able to fetch $25 per leftover Bassano. And it believes this season's demand for the Bassano can be represented by a normal distribution with a mean of 250 and a standard deviation of 125. a. What is the critical fractile and the optimal stocking quantity of Bassanos for Sunglass Hut? (6 points) b. What is the probability that there are some customers who wish to purchase a Bassano but are unsatisfied? (4 points)

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