Question: In the same situation as described in problem 26 a

In the same situation as described in problem 26, a text costs $100 and sells for $200. In this case, however, you cannot salvage any value from copies that do not sell because a new edition is published every semester. Demand for this text averages 80 copies each semester with a standard deviation of 10 copies. How many should you order each semester?

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  • CreatedMarch 30, 2015
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