37
Posted: Fri May 20, 2022 8:10 am
37
The information here is the same for answering questions 37 to 38. 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 $25 a piece. The demand for T-shirts is estimated having a mean of 350 and standard deviation of 70. What is the optimal service level for the promoter? 38% 98% 65% 50% 75%
What is the optimal order quantity of T-shirts for the promoter? (Choose the closest number) 397 377 420 423 329
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What is the optimal order quantity of T-shirts for the promoter? (Choose the closest number) 397 377 420 423 329