A local club is selling Christmas trees and deciding how many to store for the month of
Fantastic news! We've Found the answer you've been seeking!
Question:
A local club is selling Christmas trees and deciding how many to store for the month of December. If demand is normally distributed with a mean of 100 and a standard deviation of 20, the trees have no salvage value at the end of the month, the trees cost $20, and the trees sell for $50, what is the service level?
Please show your work.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date: