What is the expected number of guests from Germany who stayed at the hotel during the last month? 6. Calculate the variance and the standard deviation of this binomial distribution.

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S M 9115 Data Analytics for Decision Making 2

Problem 1 (35 pts)
A hotel manager wants to analyze the nationality of the guests who stayed at the hotel during the last month. The data shows that approximately 20% of the guests were from Germany. Suppose that you choose randomly 50 guests:

1. Find the probability that exactly 10 guests are from Germany.
2. Find the probability that at least 15 guests are from Germany.
3. Find the probability that at most 5 guests are from Germany.
4. Find the probability that more than 30 guests are from Germany.
5. What is the expected number of guests from Germany who stayed at the hotel during the last month?
6. Calculate the variance and the standard deviation of this binomial distribution.

Problem 2 (35 pts)
The manager of a hotel chain is interested in knowing whether there is a relationship between the number of positive reviews a hotel receives online and its occupancy rate. The manager collected data from 10 hotels and recorded the number of positive reviews each hotel received on a popular travel website and the corresponding occupancy rate (in percentage) for the same period. The data is shown below:

Hotel Positive Reviews                       Occupancy Rate%
               45                                                         72
               65                                                         82
               55                                                         78
               80                                                         89
               75                                                          86
               70                                                          81
               90                                                          92
               50                                                          76
               60                                                          77
               85                                                          88

1. Determine the dependent and independent variables.
2. Calculate the correlation coefficient and comment.
3. Determine the regression equation 𝑌̂ = 𝑎 + 𝑏𝑋.
4. Give a brief interpretation for the values of “a” and “b”.
5. If the hotel had no positive reviews, what would the occupancy rate be?

Problem 3 (30 pts)
The revenue manager of a hotel chain wants to analyze the distribution of room rates for a particular hotel location. Based on historical data, she estimates the following probability distribution for the daily room rates:

    Probability         Room Rate
          30%                     $100
          40%                     $150
          20%                     $200
          5%                        $250
           5%                       $300

Based on this distribution, what is the coefficient of variation for the room rates at this hotel location?

First, from Chapter One, choose the most important skill and/or attribute which you think a small business owner must possess to become successful? Second, describe why you think this skill and/or attribute enhances an entrepreneur’s potential success?

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DISCUSSION

Scarborough, N. M., & Cornwall, J. R. (2018). Essentials of Entrepreneurship and Small Business Management (9th ed.). Pearson Education (US). https://reader2.yuzu.com/books/9780134742656

PLEASE PLEASE PLEASE

YOU NEED TO FIND THE BOOK ABOVE AND ANSWER THE QUESTIONS AS FOLLOWS:

First, from Chapter One, choose the most important skill and/or attribute which you think a small business owner must possess to become successful?

Second, describe why you think this skill and/or attribute enhances an entrepreneur’s potential success?

Third and lastly, explain how this skill and/or attribute aligns with an entrepreneur’s social responsibilities to the various stakeholders mentioned in Chapter Two?

Response to each question should be 2 to 3 paragraphs. 400-500 words. Do not use AI to answer the questions. The professor checked it as he checked the plagiarism through the AI checker.

Each question needs to Have in-text citations and references.

(3) Three in-text citations and (3) three references.

Discuss different types of strategies for competitive advantages (2), and then select and discuss the most appropriate strategies to improve the performance of the organization (2).

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Project Report Structure: Part 1

Submission: week 7 Thursday 04/05/2023                                                   

Marks: 17 Marks

1. Cover Page (1 Mark).

  • This must contain topic title (0.25), student names and Students ID (0.5), section number and course name (0.25).
  • (You can find the cover page in the blackboard)

2. Table of Contents (0.5 Mark).

  • Make sure the table of contents contains and corresponds to the headings in the text, figures, and tables.

3. Executive Summary (2.5 Marks).

  • What does the assignment about (1), The name and field of the chosen company (0.5), and briefly explain the distinct features (1).

4. Organizational Profile (3 Marks).                               

Brief background of the business including organization details (1), purpose (1), and organizational structure (1).

5. Strategies (4 Marks).

  • Discuss different types of strategies for competitive advantages (2), and then select and discuss the most appropriate strategies to improve the performance of the organization (2).
  • (You can discuss any points that you learned in this course and its related to your selected organization)

6. Technology Involved (3 Marks).                         

  • How is the organization set up in terms of its IT infrastructure? Discuss the hardware (0.5), software (0.5), telecommunication (0.5), information security (0.5), networks (0.5), and other elements (0,5).
  • (You can discuss any points that you learned in this course, and it’s related to your selected organization)

7. Data Management (2 Marks).

  • Discuss the methods the organization uses to manage and process data (1), and then give one advantage and one disadvantage of these methods (1).
  • (You can discuss any points that you learned in this course (chapter 3) and link it to your selected organization)

8. Identify the Stakeholders (1 Mark)

  • Who are the main individuals, groups, or departments affected by the information system?
  • (You can choose any stakeholder who has a major influence on the IS or vice versa. You can choose 1 stakeholder to discuss)

 

9. Analysis of Existing System (5 Marks).

Analyze the key problems of the existing system used by the company (2). Also, discuss the Information Systems used within the company (3) for example:

  • Transaction processing systems (TPS)
  • Enterprise Resource Planning (ERP) Systems
  • Functional Area Information Systems
  • Business intelligence
  • DSS

(You can discuss any points that you learned in this course and it’s related to your selected organization)

 

10. System Evaluation (2 Marks).

Evaluate the current system that the company use (your chosen company) with one of the following options (1):

  • Success
  • Partial failure/partial success
  • Total failure

Then, State the reasons for your choice (1)

 

11. Suggestions for the company (3 Marks)

Design or choose a system to help the company solve its main problems. State the following:

  • The new system name (1)
  • Its features (1)
  • Problems that will be solved (1)

(If the system that the company uses is successful and does not need to be changed, you can mention that (1), mention its features (1), and mention the problems that it solved or prevented from happening (1).)

  • (You can discuss any points that you learned in this course and it’s related to your selected organization)

12. Conclusion (2 Marks).

  •  Summarize your report (including part 1)

13. References (1 Mark).

  •  Use APA referencing style format

Propose at least two ideas for improving process of your selected case study from any perspectives: for example: (a) equipment perspective, (b) employees perspective, (c) IT & IS technologies perspective, etc. Explain how your suggestions will solve business process issues?

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Operating Systems Question

Annual Report

FY [Year]

[Add a quote here from one of your company executives or use this space for a brief summary of the document content.]

 
Integrated Enterprise Systems

IT 402

 

Instructions:
·       You must submit two separate copies (one Word file and one PDF file) using the Assignment Template on Blackboard via the allocated folder. These files must not be in compressed format.

·       It is your responsibility to check and make sure that you have uploaded both the correct files.

·       Zero mark will be given if you try to bypass the SafeAssign (e.g. misspell words, remove spaces between words, hide characters, use different character sets, convert text into image or languages other than English or any kind of manipulation).

·       Email submission will not be accepted.

·       You are advised to make your work clear and well-presented. This includes filling your information on the cover page.

·       You must use this template, failing which will result in zero mark.

·       You MUST show all your work, and text must not be converted into an image, unless specified otherwise by the question.

·       Late submission will result in ZERO mark.

·       The work should be your own, copying from students or other resources will result in ZERO mark.

·       Use Times New Roman font for all your answers.
 

     
Name:

Name:

Name:

   ID:

ID:

ID:
     

 

 

Description and Instructions

Case Study Objective:

This case study is an opportunity for you to practice your knowledge and to develop skills of working in teams.

  • Total Marks = 14
Project Report Presentation
10 marks 4 marks

 

  • Group Size = 3-4 Members.
  • One group member (group leader/coordinator) should submit all files: Project Report and Presentation Slides on blackboard.
  • Marks will be given based on your submission and quality of the contents.

 

Project Report

  • Each Project Report will be evaluated according to the marking criteria mentioned in each question section.

 

Presentation

  • Students (Group) need to present their projects (either F2F or Virtual) in week#11. (Considered as last week before the final review)
  • Presentation schedule with date and allocated timing will be shared with the students via Blackboard before the end of Week #10.

 

SAMPLE CASE STUDY

  • Introduction:

Gold pizza is a Pizza restaurant established in 2000. The pizza restaurant uses food ingredients, including meat, vegetables, and seafood, which meet the set standards. It is a small restaurant owned by two people. One of them was responsible for buying goods and bringing them to the restaurant two times a day: every morning and late afternoon. The other owner manages the restaurant activities and organizes shifts for employees. Because the restaurant is open 24 hours, seven days a week, with three shifts, they employ well-experienced employees on each shift. The restaurant has three chefs for making the dough of pizza and sauce, three well-trained employees for preparing and putting the ingredients in the pizza, and three well-trained employees for cooking the pizza and controlling the oven heat. The owners work in this restaurant with other employees to help them.

  • Business process: (The order process )

The process starts by welcoming the customer and giving them the menu. The customer looks into the menu and then places their order. The cashier writes down the order on a separate paper for each customer, calculates the prices, and then asks the customer to pay (3 minutes).  After getting the payment, the cashier handed the paper of each order to the second employee. The second employee then starts pizza preparation based on the order (the restaurant has two bases of dough: the thin dough and the thick dough) (4 minutes). The next employee is responsible for filling the pizza with the ingredients based on each customer’s order (2 minutes). The next employee takes the pizza, puts it into the oven until it is ready, and then gets it back (3 minutes for thin dough base and 5 minutes for thick dough base). The last employee cuts the pizza and packages it, then hands it to the customer (2 minutes).

  • The current situation:

The restaurant starts to get a lot of orders that are over its capacity due to its reputation. It usually gets around 25 orders from persons coming to their restaurant in each hour. Each order – on average – includes 4 Pizza of different bases and ingredients. However, the restaurant lost a couple of its experienced employees responsible for preparing and cooking pizzas.

  • The Issues:

The Gold pizza restaurant was very successful and had many customers and significant revenue. However, the restaurant starts to lose many of its loyal customers and receives a considerable number of complaints. The managers started to investigate the complaints they received. They also contacted their loyal customers to understand the different issues more clearly. After this deep investigation, they categorized the issues into the following categories:

  • Some of the pizza’s bases and ingredients are unavailable in the early afternoon or late night.
  • The waiting time becomes unacceptable to customers.
  • The quantity of ingredients is not always the same which affecting the taste of the pizza.
  • The thick dough base of pizza is sometimes undercooked.
  • The customers sometimes get some of their pizza cold.
  • The customers sometimes get the wrong order.

 

Note: the above mentioned case study is just an example; students are supposed to find a separate case study for any area of manufacturing, business, market, etc.

4 Marks
Learning Outcome(s): CLO1:  Explain the interdisciplinary concepts, theories, and trends in ES and their role in supporting business operations.

 

 

 

 

 

 

Question One

  • Your first task is to select a case study (from the real world, using the internet, or any resource). It can be related to enterprise systems, an organization/store, or any relevant topic.

 

  • After selecting the case study, describe it in your own words using the following points.
  • Clear headline (introduction):It should give the most important information that describes the case study.
  • Business process:describe in detail the activity, how the business process is done, and the main Input and Output. (If there are many business processes, select one with issues)
  • The current situation:It describes the current situation based on the business process. By providing the main points, including the client’s name/industry, the product/service used, and quick result stats.
  • The Issues: State the problem/issues, consequences, and any hesitations in the business process.

 

 

Marking criteria:

  • Selection of relevant case study and introduction.   [1 Marks]
  • Describing it using the business process, current situation, and issues   [3 Marks]

 

 

3 Marks

Learning Outcome(s): CLO4: Design ES architectural models for various business processes.

 

 

 

 

 

 

 

Question Two

  • Model (As-Is) process using BPMN 2.0 using any tool such as Visio. (1 mark)

 

  • Then analyze As-Is process from at least two (2 mark)

For example, if quality and time perspectives are taken then mention at least 1 issue related to quality and 1 issue related to time in the process

 

Marking criteria:

  • Model current (As-Is) process using BPMN 2.0 utilizing any tool [1 Marks]
  • Analyze As-Is process from at lest two perspectives.                            [2 Marks]

 

As-Is Process Model:                                                                        

See Appendix 1 for As-Is process model example.

 

3 Marks
Learning Outcome(s):

CLO3: Discuss the issues and challenges associated with implementing ES and their impacts on corporate enterprises.

 

 

 

 

Question Three

  • Propose at least two ideas for improving process of your selected case study from any perspectives: for example: (a) equipment perspective, (b) employees perspective, (c) IT & IS technologies perspective, etc.

 

  • Also explain how your suggestions will solve business process issues?

 

Marking criteria:

  • Improvement suggestions from any perspectives.                         [2 Marks]
  • The explanation of how suggestions will help to solve the issues. [1 Marks]

 

 

 

 

Appendix 1: As-Is

 

 

 

 

For a list of 100 surnames, how many milliseconds did a Bubble Sort take? For a list of 100 surnames, how many milliseconds did a Java’s Sort take?

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CSCI-2467 Lab 14 – Sorting Algorithms

Background

Download the starter project Lab14.zip. Unzip the file with 7zip using “Extract Here”. Open the Lab14 project with IntelliJ. The project contains two data files containing serialized String arrays containing surnames (from the census data set).

  • surnames.ser – contains 100 surnames
  • bigsurnames.ser – contains 25,000 surnames

Assignment

Implement a Bubble Sort for sorting arrays of Strings.

Modify the Main method to first call your Bubble Sort sort method and then call Java’s built-in sort. Make sure that your Bubble Sort is working properly. When you run the program, it will compare the run times of your Bubble Sort and the Java sort algorithm using the list of 100 surnames.

Once you are convinced the program is working, change the program to use the larger dataset. Run the program and compare the run times of the two algorithms.

Once you’ve completed the program, answer the following questions. Zip your project and submit your zipped project for grading and this Word document with your answers:

  1. For a list of 100 surnames, how many milliseconds did a Bubble Sort take?
  2. For a list of 100 surnames, how many milliseconds did a Java’s Sort take?
  3. For a list of 25,000 surnames, how many milliseconds did a Bubble Sort take?
  4. For a list of 25,000 surnames, how many milliseconds did a Java’s Sort take?
  5. Which algorithm is more efficient?

Choose a room to re-design – this can be a room in your home, an area in someone else’s home, office space, etc. Create a Design Portfolio with your selection of software (PowerPoint, Google Slides, iMovie, Prezi, Word, website, etc.).

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Creative Project

Directions

Choose a room to re-design – this can be a room in your home, an area in someone else’s home, office space, etc. Create a Design Portfolio with your selection of software (PowerPoint, Google Slides, iMovie, Prezi, Word, website, etc.). Be sure to consult the grading rubric as you complete this assignment. Use powerpoint and make it around 16 slides of content

Part I: Inspiration (35 points)

  1. Write a brief paragraph explaining your vision for this design project and how the space will be used. Be sure to include essential details such as specific audiences who will use the area (children/pets/mobility impaired, etc.).
  2. Display a collage of 5-10 inspirational photos or a Pinterest Board.
  3. Use 4-5 art vignettes/illustrations to display the style inspiration for the space (Boho, Coastal, Farmhouse, Southwestern, etc.).
  4. Include 4-5 samples/images of materials for your space (organic wood, acrylic, marble, hide, etc.)
  5. Include a color palette for the space using a minimum of 5 colors/shades. Briefly explain why you chose this color palette.
  6. Select 2-3 Elements of Design for your space and include images to display the elements.
  7. Select 2-3 Principles of Design for your space and include images to display the principles.

Part II: About Your Space (25 points)

  1. Include a description or pictures of the current space and the existing furniture items and accessories.
  2. Include a floor plan to better understand the shape and dimensions of your space. You can use a hand-drawn or computer-generated image. Be sure to include room measurements and other essential details (windows, doors, openings, etc.).

Part III: Wishlist (15 points)

  1. Using “Low End” and “High End,” determine a budget range for this space.
  2. Choose 3-5 furniture pieces for the room and include the price for each (sofa, chairs, desk, tables, etc.).
  3. Choose 3-5 decoration pieces for the room and include the price for each (mirrors, pillows, lighting, curtains, wall art, etc.).

Part IV: Design (25 points)

Create a sketch or Pinterest Board (including 2-3 images from each section above) to bring your design to life.

Given your target population (e.g., African American), if the problems are viewed from their own perspective, how the social reality can be interpreted differently? What cultural values (or beliefs) and historical context should be considered in your research design and interpretation of the findings? Why?

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Social Work Question

Purpose: students will be required to submit their research proposal as a final product of this course. Through this assignment, student will demonstrate that they will be able to:

  • Select a researchable topic and develop problem statements and research question and hypothesis.
  • Explain the use of critical thinking skills in the examination of beliefs, assumptions and generalizations when conducting social work research.
  • Understand the research fundamentals and research designs to develop scientific inquiry as a producer of social work research and employ evidence-based interventions as a consumer of social work research.
  • Explain how ethnic-based research is linked to African American culture and behavior.

Please, see the following guideline and complete your research proposal.

CHAPTER I

  • Problem Statement
    • General Problem identifies the need for the study. Provide current statistics and research to support that the problem is real and exists NOW.
    • General population group or sample who are affected by this problem are identified.
    • Specific “Problem” in the given context will be proposed for your research.
    • The background information needs to be included. It indicates the root of the problem being studied, its scope, and the extent to which previous studies have successfully investigated the problem, noting, in particular, where gaps exist that your study attempts to address. To narrow down and develop your inquiry to a research question, students are required to search and read the related scholarly writings.
  • Purpose of the Study
    • The general purpose of the study and specific study questions that you plan to investigate through this study
    • specific research question and hypotheses for each specific question
    • The central focus of the study

CHAPTER II

  • Literature review
    • After identifying the problems and research questions, you should investigate the literature thoroughly about the issue and synthesize the findings from various studies.
    • Choose at least two study issues (e.g., Independent Variable and Dependent Variable) and synthesize relevant study findings about the issues using scholarly articles.
    • Per each study issue, you need to include at least 5 scholarly articles.
    • Provide explanations in depth rather than statistics alone.
  • Afrocentric Perspective
    • Description of Afrocentric Perspective (definition, core values, tenets, etc.)
    • Application of Afrocentric Perspective to the selected research topic
      • How can we define the problem differently?
      • What strategic plan may be needed to recruit and retain more African American participant for your study given the characteristics of African American culture?
      • Given your target population (e.g., African American), if the problems are viewed from their own perspective, how the social reality can be interpreted differently?
      • What cultural values (or beliefs) and historical context should be considered in your research design and interpretation of the findings? Why?

In the Sheet1 worksheet, the formula in cell B15 should contain the AVERAGE function.Create a formula using a function.

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Mind Tap Excel

Enter text in a cell.
In the Sheet1 worksheet, cell F3 should contain the text “Total”.
Enter text in a cell.
In the Sheet1 worksheet, cell A12 should contain the text “Vancouver”.
Enter a number in a cell.
In the Sheet1 worksheet, cell B12 should contain the value 120.
Enter a number in a cell.
In the Sheet1 worksheet, cell C12 should contain the value 130.
Enter a number in a cell.
In the Sheet1 worksheet, cell D12 should contain the value 117.
Enter a number in a cell.
In the Sheet1 worksheet, cell E12 should contain the value 130.
Update a value in a cell.
In the Sheet1 worksheet, cell B3 should contain the text “Quarter 1”.
AutoFill values in a range.
In the Sheet1 worksheet, the range C3:E3 should contain the series of annual quarters.
Edit Data
Update a value in a cell.
In the Sheet1 worksheet, cell B4 should contain the value 133.
Update a value in a cell.
In the Sheet1 worksheet, cell B6 should contain the value 109.
Copy and Move Cell Data
Copy and paste a value in a cell.
In the Sheet1 worksheet, cell A13 should contain the text “Total”.
Cut and paste a range of values.
In the Sheet1 worksheet, the values in the range H5:H7 should be cut from the worksheet.
Enter Formulas and Use AutoSum
Use relative references in a formula.
The formula in cell F4 should reference the cells B4, C4, D4, E4.
Create a formula using a function.
In the Sheet1 worksheet, the formula in cell B13 should contain the SUM function.
Copy Formulas with Relative Cell References
Copy a formula into a range.
In the Sheet1 worksheet, cell F4 contains an incorrect formula.
Copy a formula into a range.
In the Sheet1 worksheet, cell B13 contains an incorrect formula.
Copy Formulas with Absolute Cell References
Enter text in a cell.
In the Sheet1 worksheet, cell G3 should contain the text “% of Total”.
Use mixed references in a formula.
The formula in cell G4 should contain a relative reference to cell F4 and an absolute reference to cell F13.
Copy a formula into a range.
In the Sheet1 worksheet, cell G4 contains an incorrect formula.
Enter a Formula with Multiple Operators
Enter text in a cell.
In the Sheet1 worksheet, cell J3 should contain the text “This Year”.
Use relative references in a formula.
The formula in cell K3 should reference cell F13.
Enter text/a number in a cell.
In the Sheet1 worksheet, cell J5 should contain the text “% Increase”.
Use absolute, relative, or mixed references in a formula.
In the Sheet1 worksheet, the formula in cell K5 should reference cells K3 and K1.
Change the number format.
In the Sheet1 worksheet, cell K5 should be formatted using the Percentage number format with two decimal places.
Insert a Function
Create a formula using a function.
In the Sheet1 worksheet, the formula in cell B15 should contain the AVERAGE function.
Create a formula using a function.
In the Sheet1 worksheet, the formula in cell B16 should contain the MAX function.
Create a formula using a function.
In the Sheet1 worksheet, the formula in cell B17 should contain the MIN function.
Switch Worksheet Views
Set the print area for a worksheet.
The print area of the Sheet1 worksheet should be A1:K20.
Non-graded – Choose Print Options

Design an interface that guides the user through the entire trip purchasing experience.

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Figma Web design Project

Project: Mobile app design for booking a trip to a single travel destination (e.g. San Francisco).

User journey: From the loading screen, to the pick a city, flight, hotel, rental car and through the entire checkout process.

Objective: Design an interface that guides the user through the entire trip purchasing experience.

Artboards:

  1. Loading screen
  2. New user / existing user login
  3. Homepage / dashboard
  4. Single travel destination landing page (e.g. San Francisco)
  5. Browse flights
  6. Single flight information
  7. Browse hotels
  8. Single hotel information
  9. Browse rental cars/transportation options
  10. Single rental car or transportation option
  11. Shopping cart
  12. Billing information
  13. Review the final shopping cart and all of the trip details
  14. Thank you / Successful transaction
  15. Extra requirement: Special feature

Requirements

  1. Use Adobe XD (preferred) or Figma
  2. Mobile only
  3. Include all of the necessary artboards plus a special feature
  4. Include basic animations and transitions
  5. Establish a design system of reusable components

What is the Economic Order Quantity (EOQ) for this product? How much could the firm save annually in total holding and ordering costs by ordering at the EOQ level?

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BUSADM 370 Introduction to Supply Chain Management:

Homework 3 (50 points):

For all the problems, you must show your complete and accurate work to receive full scores. If you only provide the final answers without showing your computations, even your answer is correct, you will not be assigned a full score (or if your answer is wrong, you will miss the opportunity of receiving any partial credit).

Problem 1) (12 points)
A produce distributor uses 3,200 packing crates a month, and each crate is purchased at a cost of $12. The manager has assigned an annual carrying cost of 30 percent of the purchase price per crate. Ordering cost is $270. Currently the manager orders once a month.
a) What is the Economic Order Quantity (EOQ) for this product? (4 pts)
b) How much could the firm save annually in total holding and ordering costs by ordering at the EOQ level? (8 pts) (Show the computations for the total holding and ordering costs in detail)

Problem 2) (14 points)
A manager has just received a revised price schedule for its main product from a vendor as seen in the table below. What order quantity should the manager use to minimize total costs? Annual demand is 45,000 units, ordering cost is $100, and annual carrying cost is $4 per unit (regardless of the price per unit).

     Quantity                       Unit Price
       1 to 999                               $12.75
       1,000 to 1,999                   $12.50
      2,000 to 2,999                  $12.35
      3000 or more                    $12.25

 

Problem 3) (12 points)
a) Compute the multifactor productivity measure (output in sales dollars) for each week using the data provided below to produce chocolate bars. Assume 40–hour weeks and an hourly wage of $18. Overhead is 1.25 times the total weekly labor cost. Material cost is $48 per pound. Standard price to sell is $150 per unit. (10 points)
    Week         Output (units)            Workers           Material (lbs)
       1                   3,500                              6                      1,200
       2                  3,750                              7                      1,275
       3                  3,875                              7                      1,350
       4                  4,000                             8                     1,425
b) What do the productivity figures suggest? (What is the trend?) (2 point)

Problem 4) (12 points)
Organic milk is stocked at a grocery store each week. At the end of each week, unsold organic milk price is reduced by 25% and the store can sell the unsold organic milk fully at this lower price. If weekly demand for organic milk is normally distributed with a mean of 200 gallons and standard deviation of 20 gallons, find the price for which a fresh gallon of organic milk sells. Assume that the store has a service level of 95% and purchases organic milk for $6.1 per gallon.

Bonus Problem: (6 points) (Bonus points will be added to your homework score).
A fish distributor is trying to perfect his business to maximize the money he saves. Daily fish sales are normally distributed with a mean of 350 pounds and standard deviation of 60 pounds. The distributor sells each pound of fish for $6.00 and pays $2.50 per pound to buy fish. The distributor must get rid of unsold fish by paying a waste removal facility fee of $0.25 per pound of fish. How many pounds of fish should the distributor order each day and what % of the time will he experience a stock–out? Are there any drawbacks to the order size proposed and how could the fisherman address such issues?