David Polston prints up T-shirts to be sold at local concerts. The T-shirts sell for $18.90 each but cost David only $4.60 each. However, because the T-shirts have concert-specific information on them, David can sell a leftover shirt for only $4.50. Suppose the demand for shirts can be approximated with a normal distribution and the mean demand is 170 shirts, with a standard deviation of 30. Click the icon to view the normal probability table for z ≥ 0. Click the icon to view the normal probability table for z ≤ 0. What is the target service level? David's target service level is%. (Enter your response as a percentage rounded to two decimal places.)
David Polston prints up T-shirts to be sold at local concerts. The T-shirts sell for $18.90 each but cost David only $4.60 each. However, because the T-shirts have concert-specific information on them, David can sell a leftover shirt for only $4.50. Suppose the demand for shirts can be approximated with a normal distribution and the mean demand is 170 shirts, with a standard deviation of 30. Click the icon to view the normal probability table for z ≥ 0. Click the icon to view the normal probability table for z ≤ 0. What is the target service level? David's target service level is%. (Enter your response as a percentage rounded to two decimal places.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:David Polston prints up T-shirts to be sold at local concerts. The T-shirts sell for $18.90 each but cost David only $4.60
each. However, because the T-shirts have concert-specific information on them, David can sell a leftover shirt for only
$4.50. Suppose the demand for shirts can be approximated with a normal distribution and the mean demand is 170
shirts, with a standard deviation of 30.
Click the icon to view the normal probability table for z ≥ 0.
Click the icon to view the normal probability table for z ≤ 0.
What is the target service level?
David's target service level is %. (Enter your response as a percentage rounded to two decimal places.)
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