A concert promoter prints T-shirts specifically for that concert date and artist, and sells them at the concession store

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A Concert Promoter Prints T Shirts Specifically For That Concert Date And Artist And Sells Them At The Concession Store 1 (26.96 KiB) Viewed 64 times

A concert promoter prints T-shirts specifically for that concert date and artist, and sells them at the concession store outside the performance arena. The T-shirts cost $50 a piece to make and stock at the event. The selling price is $200 a piece, but a royalty of $75 has to be paid to the artist for each sale. Any unsold T-shirts are sold off to an online marketplace at $10 a piece. The demand for T-shirts is estimated having a mean of 350 and standard deviation of 70. Q37 What is the optimal service level for the promoter? a. 65% b. 38% c. 75% d. 98% e. 50%