3. (12 points) Rady Furniture makes decorative tables. The company notices that they have a normal...
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3. (12 points) Rady Furniture makes decorative tables. The company notices that they have a normal demand curve with a 180 units sold on average (mean) with a 30 unit standard deviation. The company buys each table for $700, and always sells them at a 70% mark-up. If a table doesn't sell, it is put on clearance and marked down to $500. 3. (12 points) Rady Furniture makes decorative tables. The company notices that they have a normal demand curve with a 180 units sold on average (mean) with a 30 unit standard deviation. The company buys each table for $700, and always sells them at a 70% mark-up. If a table doesn't sell, it is put on clearance and marked down to $500.
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