Question: You may need to use the appropriate technology to answer this question. A daily newspaper is stocked by a coffee shop so its patrons can
You may need to use the appropriate technology to answer this question.
A daily newspaper is stocked by a coffee shop so its patrons can purchase and read it while they drink coffee. The newspaper costs $ per unit and sells for $ per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $ per unit. Assume that daily demand is approximately normally distributed with
and
a
What is your recommended daily order quantity for the coffee shop? Round your answer to the nearest integer.
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