The marginal loss on Washington Reds, a brand of apples from the state of Washington, is $35

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The marginal loss on Washington Reds, a brand of apples from the state of Washington, is $35 per case. The marginal profit is $15 per case. During the past year, the mean sales of Washington Reds in cases was 45,000 cases, and the standard deviation was 4,450. How many cases of Washington Reds should be brought to market? Assume that sales follow a normal distribution.

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Quantitative Analysis for Management

ISBN: 978-0132149112

11th Edition

Authors: Barry render, Ralph m. stair, Michael e. Hanna

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