Question: A local boutique is planning orders for its 2 0 2 4 - 2 5 fall / winter catalog. One order will be placed nine
A local boutique is planning orders for its fallwinter catalog. One order will be placed nine months ahead of the selling season. For a formal dress they are planning to include in the collection, they think demand will be normally distributed with a mean of and standard deviation of The store plans to sell the dress at a price of $ The supplier quoted a price of $ per dress and logistics costs to bring the dresses to store add up to $ per dress. Unsold dresses will be moved to a store that sells discount prom dresses at the end of the selling season and will be priced at $ It is assumed that at that price all remaining dresses will sell. It costs $ to hold a dress in inventory until the end of the season and move it to the discount store. How many dresses should the boutique order? Please show your work.
The boutique should order dresses.
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