You are starting a Christmas tree business. You can purchase trees from local farmers at $25...
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You are starting a Christmas tree business. You can purchase trees from local farmers at $25 per tree. You are able to sell the trees at $75 per tree. Any leftover trees can be sold to the local wood chip company at $5 per tree. Assume that the demand follows a Normal distribution ~N(275,42), which means a mean of 275 and a standard deviation of 42. How many trees should you stock through the holiday season? Note: round your answer to the nearest whole number. Answer: You are starting a Christmas tree business. You can purchase trees from local farmers at $25 per tree. You are able to sell the trees at $75 per tree. Any leftover trees can be sold to the local wood chip company at $5 per tree. Assume that the demand follows a Normal distribution ~N(275,42), which means a mean of 275 and a standard deviation of 42. How many trees should you stock through the holiday season? Note: round your answer to the nearest whole number. Answer:
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Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
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