Table is provided

LE 4 Tribution and drain and 9 & PA 13-3 (Algo) Montanso sells genetically modified seed to farmers. It... Monsanto sells genetically modified seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $7 to make each kilogram (kg) of seed. It sells each kg for $43. If it has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, it only earns $4 destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost-the farmers go to another supplier. As a forecast for demand, it will use a normal distribution with a mean of 300,000 and a standard deviation of 100,000. Use Table 13.4 If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method. How many kilograms should Montanso place in the warehouse before the growing season? Use Table 13.4 and round-up rule. If Montanso put 450000 kgs in the warehouse, what is its expected b. revenue (include both domestic revenue and overseas revenue)? Use Table 13.4 and round-up rule. How many kilograms should Montanso place in the warehouse to c. minimize inventory while ensuring that the stockout probability is no greater than 1%? Use Table 13.4 and round-up rule. d. What is maximum profit for this seed? LE 4 Tribution and drain and 9 & PA 13-3 (Algo) Montanso sells genetically modified seed to farmers. It... Monsanto sells genetically modified seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $7 to make each kilogram (kg) of seed. It sells each kg for $43. If it has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, it only earns $4 destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost-the farmers go to another supplier. As a forecast for demand, it will use a normal distribution with a mean of 300,000 and a standard deviation of 100,000. Use Table 13.4 If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method. How many kilograms should Montanso place in the warehouse before the growing season? Use Table 13.4 and round-up rule. If Montanso put 450000 kgs in the warehouse, what is its expected b. revenue (include both domestic revenue and overseas revenue)? Use Table 13.4 and round-up rule. How many kilograms should Montanso place in the warehouse to c. minimize inventory while ensuring that the stockout probability is no greater than 1%? Use Table 13.4 and round-up rule. d. What is maximum profit for this seed