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

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

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

Post by answerhappygod »

A concert promoter prints T-shirts specifically for that
concertdate and artist, and sells them at the concession store
outsidethe performance arena. The T-shirts cost $50 a piece to
makeand stock at the event. The selling price is $200 a piece, but
aroyalty of $75 has to be paid to the artist for each sale.
Anyunsold T-shirts are sold off to an online marketplace at $10
apiece. The demand for T-shirts is estimated having a mean of350
and standard deviation of 70
What is the optimal service level for the promoter?a. 65%b.
38%c. 75%d. 98%e. 50%
What is the optimal order quantity of T-shirts for the
promoter?
a. 397
b. 423
c. 420
d. 377
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply