Business
Business, 06.05.2020 06:17, supervirzaofficial

Felgas, a manufacturer of felt gaskets has production capacity of 1,000 units per day. Currently, the firm sells production capacity at $5 per unit. At this price, all production capacity gets booked about one week in advance. Some customers have said that they would be willing to pay twice as much if Felgas had the capacity to be available on the last day. About 10 days in advance, demand for the high-segment is normally distributes with a mean of 250 and a standard deviation of 100. How much production capacity should Felgas reserve for the last day?

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Felgas, a manufacturer of felt gaskets has production capacity of 1,000 units per day. Currently, th...

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