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The Corner Newsstand Has Demand for a Certain Weekly Magazine

Question 52

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The Corner Newsstand has demand for a certain weekly magazine that can be approximated by a Poisson distribution with a mean of 9.0.Magazines are purchased for $1.50.
If unsold copies can be returned for half credit and the owner stocks ten copies,what is the implied range of shortage cost?

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Ce = $.75 From Appendix B Table C,the op...

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