Question: Problem 14-25 (Algorithmic) The Gilbert Air-Conditioning Company is considering the purchase of a special shipment of portable air conditioners manufactured in Japan. Each unit will

Problem 14-25 (Algorithmic) The Gilbert

Problem 14-25 (Algorithmic) The Gilbert Air-Conditioning Company is considering the purchase of a special shipment of portable air conditioners manufactured in Japan. Each unit will cost Gilbert $85, and it will be sold for $125. Gilbert does not want to carry surplus air conditioners over until the following year. Thus, all surplus air conditioners will be sold to a wholesaler for $55 per unit. Assume that the air conditioner demand follows a normal probability distribution with y = 20 and a = 9. a. What is the recommended order quantity? If required, round your answers to two decimal places. * b. What is the probability that Gilbert will sell all units it orders? If required, round your answer to two decimal places. P(Sell All) =

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