Question: please answer this operations management question, thank you. A newspaper boy is trying to perfect his business in order to maximize the money he can
please answer this operations management question, thank you.
A newspaper boy is trying to perfect his business in order to maximize the money he can save
for a new car. Daily paper sales are normally distributed, with a mean of and standard
deviation of He sells papers for $ and pays $ for them. Unsold papers are trashed
with no salvage value. How many papers should he order each day and what of the time will
he experience a stockout? Points
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