Essay
The Fitness Shop is considering ordering a special model exercise machine. Each unit will cost the shop $410 and it will sell for $750. Any units not sold at the regular price will be sold at the year-end model clearance for $340. Assume that demand follows a normal probability distribution with = 20 and = 6. What is the recommended order quantity?
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cu = 340, co = 70
P(de...View Answer
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Correct Answer:
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P(de...
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