Question: Demand for a product is normally distributed with a mean of 28,000 and a standard deviation of 2,200. The newsvendor wants to achieve a stockout
Demand for a product is normally distributed with a mean of 28,000 and a standard deviation of 2,200. The newsvendor wants to achieve a stockout probability of 0.05 or less.
Roundup your answer to the next whole number.
What is the minimum number of units to order to achieve this goal? ( ) units
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