Multiple Choice
A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $10, and trees sell for $40. What should the service level be?
A) 0.60
B) 0.20
C) 0.75
D) 0.84
E) unable to determine given the above information
Correct Answer:
Verified
Correct Answer:
Verified
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