Quiz5A&BKey - OSCM 230 Quiz5A&B (Key) Name: _ Score:...

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Name: __________________________________ Score:           /10 pts  Custom Tee Shirts is planning to print and sell specially designed tee shirts for the upcoming  World Series.  The shirts will cost $8 to produce and can be sold for $21 until the World Series. After  the World Series, the price will be reduced to $10 per shirt.  The demand at the $21 price is expected to be normally distributed with a mean of 10,000  shirts and a standard deviation of 2000 shirts.  The demand for the $10 price is expected to be normally distributed with a mean of 4000  shirts and a standard deviation of 800 shirts.  Any shirts leftover will be discarded. Custom Tee Shirts is planning on producing one run  of 11,000 shirts.  The company’s owner wants to set up a simulation model to answer two questions:
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This note was uploaded on 05/15/2011 for the course OSCM 230 taught by Professor Dong during the Spring '08 term at Washington University in St. Louis.

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Quiz5A&BKey - OSCM 230 Quiz5A&B (Key) Name: _ Score:...

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