Question: A manager at a sporting goods store has to decide on a number of shoes to purchase for a sporting event. Bases on past demand
A manager at a sporting goods store has to decide on a number of shoes to purchase
for a sporting event. Bases on past demand data, the manager has forecast demand to
be normally distributed, with a mean of and a standard deviation of The store
gets $ for each pair of shoes sold at the event, but loses $ on every pair of shoes
unsold at the end of the event. How many pairs of shoes should the manager reorder?
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