Question: (10 points) Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 24,000 units and a standard deviation of

(10 points) Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 24,000 units and a standard deviation of 1500 units. The sales price is $86 and the cost to produce each unit is $53. In addition, any unsold units at the end of the period will have savage value of $10. How many units should the company produce?

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