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A newsperson selling papers in the sales stand has collected data over a few months and had found that on average each day 100 papers were sold with a standard deviation of 16 papers. Our newsperson pays $0.25 for each paper and sells the papers for $0.75. Papers not sold are returned for a refund of $0.05 for each paper. How many papers should newsperson order for each day?

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Operation Management, Management Studies

Category:- Operation Management
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