University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000
Question:
University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 10 cents per program. The standard deviation is 5,000 programs, and the cost to print each program is $1.
(a) What is the cost of underestimating demand for each program?
(b) What is the overage cost per program?
(c) How many programs should be ordered per game?
(d) What is the stockout risk for this order size?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
a C s 4 1 3 cost of underestimating program demand b C 0 1 10 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
How many factors should be extracted in problem I? Explain your reasoning.
-
For Exercise 19.29, how many cod should be purchased if leftover fish can be sold to a fertilizer company for 20 cents each?
-
How many observations should be recorded in determining the allowance for personal delays in a forge shop if it is expected that a 5 percent personal allowance will suffice, and if this value is to...
-
Besides warehouse layout decisions, what are some other applications where ranking items according to bang/buck might make sense?
-
How are the concepts "interdependency" and "standardization" related? What are the implications for global strategy ?
-
What SQL statement lists all the fields from the records in the TaskMasterList table with a CategoryID of Database? a. SELECT * FROM TaskMasterList; b. SELECT * FROM TaskMasterList WHERE Count(*) >...
-
A customer sued a pharmacist and the drug store that employed the pharmacist (Walgreens). The pharmacist reviewed the prescription records of a customer (during her shift at work), learned that the...
-
Kwik Pix is a large digital processing center that serves 130 outlets in grocery stores, service stations, camera and photo shops, and drug stores in 16 nearby towns. Kwik Pix operates 24 hours a...
-
a) The trial balance of Nyaguthie enterprises prepared as at 30th April, 2016 failed to balance. The difference was posted to a suspense account. On investigation, the following errors were revealed....
-
Refer to the Journal of Engineering for Gas Turbines and Power (Jan. 2005) study of a high-pressure inlet fogging method for a gas turbine engine. Exercise 12.19. Recall that you fit a first-order...
-
Henrique Correas bakery prepares all its cakes between 4 A.M. and 6 A.M. so they will be fresh when customers arrive. Day-old cakes are virtually always sold, but at a 50% discount off the regular...
-
Emarpy Appliance is a company that produces all kinds of major appliances. Bud Banis, the president of Emarpy, is concerned about the production policy for the companys best-selling refrigerator. The...
-
Use the symbols δ+ and δ- to show the direction of polarity of the indicated bond in each of the following compounds (for example, a. HO--H b. F--Br c. H3C--NH2 d. H3C--Cl...
-
What is the role of codetermination? In your opinion, is the incorporation of lower-level employees on the board appropriate?
-
Provide local examples to show the relevance of Hofstedes dimensions in effective staffing and directing.
-
How does VRIO framework analysis help in evaluating a companys competencies?
-
Why do some employees of an organization behave unethically? Why is it necessary for an organization to develop employees ethics?
-
Why is strategic control important in monitoring the process of strategy implementation?
-
A machine fills bags of coffee in such a way that the weight of a filled bag has a normal distribution of = 510 g and = 20 g. The packages are labelled Net weight: 500 g. 1. What per cent of bags...
-
Write an SQL statement to display all data on products having a QuantityOnHand greater than 0.
-
Use the DuPont equation to show how working capital policy affects a firms expected ROE.
-
In Problem S11-27, assume that the customers have the following truck capacity loads: Determine the optimal assignment of trucks to customers that will minimize total mileage while also achieving at...
-
Mill Mountain Coffee Company produces various blends of Free Trade, organic specialty coffees that it sells to wholesale customers. The company imports 28 million pounds of coffee beans annually from...
-
Mill Mountain Coffee Company produces various blends of Free Trade, organic specialty coffees that it sells to wholesale customers. The company imports 28 million pounds of coffee beans annually from...
-
Wanda is reviewing her tax returns from the previous year and is shocked at how much tax she paid the government. She had good income but had to pay a large number of self-employment taxes on top of...
-
Katies Cleaning Service has cleaning contracts for 15 apartments, 45 family homes, and 25 office buildings. She estimates that an apartment takes 4 hours to clean, a home takes 6 hours to clean, and...
-
1. Quikpak sells returnable containers to major food processors. The price received for the containers is 2 per unit. Of this amount 1.25 is profit contribution. Quikpak is considering an attempt to...
Study smarter with the SolutionInn App