Question: A professional baseball organization chooses to sell game day programs. Demand for game day programs is normally distributed with a mean of 1,559 and standard
A professional baseball organization chooses to sell game day programs. Demand for game day programs is normally distributed with a mean of 1,559 and standard deviation of 284. If the marginal loss is $1 and the marginal profit is $3, how many programs should the baseball organization print and whats the cutoff value? (Hint Z= 0.6745)
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