Business, 23.04.2020 23:26 karlyisaunicorn

A store wants to determine how many Christmas trees it should order for the holiday season. The store purchase these trees at a price of $240 per tree and sells them for $300 per tree. The demand for them during the season normally distributed with a mean of 90 trees and a standard deviation of 10 trees. Any unsold trees are always eventually sold but at discount of 30%. Determine the optimal stocking level?

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A store wants to determine how many Christmas trees it should order for the holiday season. The stor...

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