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University of Florida football programs

University of Florida football programs are printed 1 week prior to each home game. Attendance averages 60,000 screaming and loyal Gatorsfans, of whom two-thirds usually buy the program, following a normal distribution, for $4 each. Unsold programs are sent to a recycling center that pays only 20 cents per program. The standard deviation is 10,000 programs, and the cost to print each program is $2. Refer to the standard normal table for z-values

.a)  What is the cost of underestimating demand for each program?

b) What is the average cost perprogram?

c) How many programs should be ordered pergame?


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