Question: UI procures game - day football programs ( magazines ) from a publishing company. Under the current protocol, the UI pays the publishing company $
UI procures gameday football programs magazines from a publishing company. Under the current protocol, the UI pays the publishing company $ for each program ordered. The UI then sells the programs for $ at the corresponding games via a group of hired vendors. For each sold program, the UI pays the vendors $ It costs the publishing company $ to produce each program. For the first game of the season, the UI has determined that demand will be normally distributed with a mean of and a standard deviation of Suppose that any unsold programs are worthless, and the UI simply recycles them.
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