A small grocery store sells fresh produce, which it obtains from
a local farmer. During the strawberry season, demand for fresh
strawberries can be reasonably approximated using a normal
distribution with a mean of 38 quarts per day and a standard
deviation of 7 quarts per day. Excess costs run .40 cents per
quart. The grocer orders 43 quarts per day.

What is the implied cost of shortage per quart? (Round
your z value to 2 decimal places, your service level
probability to 4 decimal places and your final answer to 2 decimal
places. Omit the “$” sign in your response.)