Question

Valles Global Industries (VGI) is getting ready to market their Internet-based party planning service. One of the menu items is a kabob. The kabob was designed to have four vegetable chunks and three chunks of protein: beef, chicken, shrimp or tofu. On average, any vegetable will yield 5 chunks suitable for a kabob. One of any ten vegetables will be of poor quality and cannot be used. In presenting a menu and budget to a party-thrower, VGI recommends two kabobs per person.

1. VGI also offers a statistical modeling program that prevents food waste. They have data that recommends a mean number of party attenders as well as metrics on variability. Imagine you are planning an event with VGI. They suggest the number of party-attenders for a 200 person party estimate is actually distributed N(150, 1225). They also recommend using a probability of 90 percent for attendees. If VGI charges you $100 per attendee, how much does their recommendation save you?
2. Referring to A above, would you take their recommendation? Why or why not?

Answer 1

See there is no fixed answer for part b) it depends on your perspective. Wether you would risk your reputation for $400 or not.because If you fell short of food it would be an embarrasment.

As far as wastage is concerned you can always donate excess of food to needy ones.

please upvote If I am able to help you

thanks