A hot dog vendor at Wrigley Field sells hot dogs for$1.50 each. He buys them for $1.20 each. All the hot dogshe fails to sell at Wrigley Field during the afternoon can besold that evening at Comiskey Park for $1 each. The dailydemand for hot dogs at Wrigley Field is normally distributedwith a mean of 40 and a standard deviation of 10.a If the vendor buys hot dogs once a day, how manyshould he buy?b If he buys 52 hot dogs, what is the probability that hewill meet all of the day’s demand for hot dogs at Wrigley?

A hot dog vendor at Wrigley Field sells hot dogs for$1.50 each. He buys them for $1.20 each. All the hot dogshe fails to sell at Wrigley Field during the afternoon can besold that evening at Comiskey Park for $1 each. The dailydemand for hot dogs at Wrigley Field is normally distributedwith a mean of 40 and a standard deviation of 10.a If the vendor buys hot dogs once a day, how manyshould he buy?b If he buys 52 hot dogs, what is the probability that hewill meet all of the day’s demand for hot dogs at Wrigley?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.5: Introduction To @risk

Problem 20P: Use @RISK to analyze the sweatshirt situation in Problem 14 of the previous section. Do this for the...

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