University of Florida football programs are printed 1 week prior to each home game. Attendance averages screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $ each. Unsold programs are sent to a recycling center that pays only cents per program. The standard deviation is programs, and the cost to print each program is $. Refer to the standard normal tableLOADING... for z-values. a) What is the cost of underestimating demand for each program? $ nothing (round your response to two decimal places).

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?