The Johnson Shoe Company buys shoes for $50 per pair and sells them for $80 per pair. If they are out of stock, the buyer purchases the shoe elsewhere and there is a loss of goodwill of $30. Monthly demand is normally distributed with μ = 20 and σ = 5. The Johnson Shoe Company uses a 25% annual interest rate to determine holding costs.

Note: If when looking up Φ − 1 ( Z ), you get an answer that is between 2 levels, pick the higher level. For example, if you are looking up, Φ − 1 ( 0.6 ), you see it falls between 0.25 and 0.26, use 0.26.

How many shoes should the Johnson Shoe Company buy? For Q, round up to the next number for the rest round up using 4 significant digits.
For example, 0.24562 should be entered as 0.2457.
c o = $
c u = $
F ( Q ∗ ) =
Q = units

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer