Operations Management

posted by .

A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using normal distribution with a mean of 40 quarts per day and a standard deviation of 6 quarts per day. Excess costs run 35 cents per quart. The grocery orders 49 quarts per day.

a)What is the implied cost of shortage per quart?
b)Why might this be reasonable figure?

  • Operations Management -

    edwqe

  • Operations Management -

    69

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Science

    Which of the following contain water that is easily available for human use?
  2. math

    at a local grocery store, the bananas they receive are transported through three stages: from the farmer to the market, from the market to the wholesaler, and from the wholesaler to the grocery store. at each stage, the price of the …
  3. AP Physics

    A young male adult takes in about 4.0 10-4 m3 of fresh air during a normal breath. Fresh air contains approximately 21% oxygen. Assuming that the pressure in the lungs is 1.0 105 Pa and air is an ideal gas at a temperature of 310 K, …
  4. Operations Management

    A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using normal distribution with a mean of 40 quarts per day …
  5. Statistics Math

    The annual per capita consumption of fresh apples (in pounds) in a nearby state can be approximated by a normal distribution, with a mean of 15.4 pounds and a standard deviation of 3.8 pounds. (a) What is the smallest annual per capita …
  6. Math Statistics

    The annual per capita consumption of fresh apples (in pounds) in a nearby state can be approximated by a normal distribution, with a mean of 15.9 pounds and a standard deviation of 4.2 pounds. (a) What is the smallest annual per capita …
  7. Statistics

    1. This probability distribution shown below relates to the number of times a person goes to a local coffee shop per day. What is the expected mean (average) number of times a person goes to a local coffee shop per day?
  8. math

    the annual per capita consumption of fresh oranges in pounds in the united states can be approximated by a normal distribution, with a mean of 9.9 pounds and a standard deviation of 2.5 pounds. what largest annual per capita consumption …
  9. math

    fresh side grocery sells 7 bagels for $4.41. value mart sells 5 bagles for $3.60 how do the unit rates compair
  10. Maths

    1a) for an organic dairy cow, shortly after calving, assume that the amount of milk produced follows a normal distribution with a mean of 27 litres of milk per day and a standard deviation of 4 litres of milk per day. i) calculate …

More Similar Questions