A local club is selling Christmas trees and deciding how many to stock for the month of December. Suppose that demand is normally distributed with a mean of 250 and standard deviation of 40, trees have no salvage value at the end of the month, trees cost $11, and trees sell for $47. What should the service level be? (Do not round intermediate calculations. Round answer to two decimal places.) OA. 0.34 OB. 0.23 OC. 0.77 O D. 0.84 O E. unable to determine given the above information

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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A local club is selling Christmas trees and deciding how many to stock for the month of December. Suppose that
demand is normally distributed with a mean of 250 and standard deviation of 40, trees have no salvage value at the
end of the month, trees cost $11, and trees sell for $47. What should the service level be? (Do not round intermediate
calculations. Round answer to two decimal places.)
O A. 0.34
OB. 0.23
O C.
0.77
O D. 0.84
O E. unable to determine given the above information
Transcribed Image Text:A local club is selling Christmas trees and deciding how many to stock for the month of December. Suppose that demand is normally distributed with a mean of 250 and standard deviation of 40, trees have no salvage value at the end of the month, trees cost $11, and trees sell for $47. What should the service level be? (Do not round intermediate calculations. Round answer to two decimal places.) O A. 0.34 OB. 0.23 O C. 0.77 O D. 0.84 O E. unable to determine given the above information
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