Business, 16.04.2020 16:45, deadslinger5134

University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000 screaming and loyal Gators fans, 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 10 cents per program. The standard deviation is 5,000 programs, and the cost to print each program is $1. Refer to the standard normal table for z values.(a) What is the cost of underestimating demand for each program?(b) What is the overage cost per program?

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University of Florida football programs are printed 1 week prior to each home game. Attendance avera...