(Answered) A local bookstand believes that the demand for the olympic

Economics

A local bookstand believes that the demand for the Olympic Edition of a sports magazine is normally distributed with a mean of 1,000 and a standard deviation of 240.

The magazine costs the bookstand ?$3.30 per? copy, and the bookstand will sell the issue for ?$5.25. Following the Olympic Games there will be no demand for the magazine and all leftover copies will be recycled because they will have no salvage value. What is the optimal number of copies of the special Olympic edition the bookstand should? order?

The bookstand should order __________ copies of the special Olympic edition. ?(Enter your response rounded to the nearest whole? number.)

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Business Economics, Economics

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