Given uncertainties about summer weather, the manager purchased from the second distributor. Weather forecasts now suggest it
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- Given uncertainties about summer weather, the manager purchased from the second distributor. Weather forecasts now suggest it will be a long, hot summer, and the manager expects demand for the rest of the season to be for 6,000 units with a standard deviation of 750. How many more units should the manager order, and what will their expected profit be for the full season?
- (Hint: Don’t forget how the first order worked out).
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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