Question: Question 8 Let us consider a one period inventory decision for an item whose demand is Normally distributed with mean 1 0 0 0 units

Question 8Let us consider a one period inventory decision for an item whose demand is Normally distributed with mean 1000 units and standard deviation 150 units. The cost of manufacturing the item is $15 per unit and the selling price of the item is $25. What is the optimal stocking quantity that maximizes the expected profit? 96215010001024

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