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Business, 24.04.2020 20:14 erik1franks

2. The manager at a large manufacturer is planning warehousing needs for the coming year. She predicts that warehousing needs will be normally distributed, with a mean of 500,000 square feet and a standard deviation of 150,000. The manager can obtain a full-year lease at $0.50 per square foot per month or purchase storage space on the spot market. Spot market rates have averaged $0.70 per square foot per month. How large an annual contract should the manager sign

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2. The manager at a large manufacturer is planning warehousing needs for the coming year. She predic...
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