Question: John sells decorated eggs on Easter. Each egg costs him $2, and John can sell the decorated eggs for $5 each, but the unsold eggs

John sells decorated eggs on Easter. Each egg costs him $2, and John can sell the decorated eggs for $5 each, but the unsold eggs have $0 salvage value. John knows that the demand follows the normal distribution with mean = 80 and standard deviation = 12. According to the newsvendor model, what is the optimal number of eggs John should prepare?

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