An Organization Hosting a 5K Race Is Looking to Sell

question 119

Multiple Choice

An organization hosting a 5K race is looking to sell t-shirts at the event.Demand for t-shirts is believed to be normally distributed with a mean of 100 and standard deviation of 15.With a marginal loss of $4 and marginal profit of $5,how many t-shirts should the organization stock for the 5K race?

• A)98
• B)85
• C)103
• D)115
• E)113

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Definitions:

Socially Active

Engaging in and contributing to community or social group activities, showing involvement with others in public contexts.

Operant Conditioning

A learning process by which the strength of a behavior is modified by reinforcement or punishment.

Token Economy

A form of behavior modification that uses tokens or symbols as reinforcement for desired behaviors, which can be exchanged for rewards.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov’s dogs.