Question: Every year, Ms . Smith needs to order Christmas trees in Sep. for sales in Dec. in her convenient store. Ms . Smith has only

Every year, Ms. Smith needs to order Christmas trees in Sep. for sales in Dec. in her convenient
store. Ms. Smith has only one chance to order, she can't order more after the tree growing
season.
In the selling season from 10 to 24 Dec, she sells a tree for $55.
It costs her $25 each to order now.
On 25 Dec, she can sell a tree with huge discount for $30
After 25 Dec, she salvages the extra trees for $10 each.
The demand for the regular period can be described as a normal distribution with mean 32 trees
and standard deviation 4 trees
The demand on Dec 25 follows uniform distribution with min and max 0 and 5, respectively
How many trees should Ms. Smith order? Hint: You can try an order of 28,32,36 and 40 and
report the average and confidence interval. Assume n=500.
 Every year, Ms. Smith needs to order Christmas trees in Sep.

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