American home inc stocked christmas trees every christmas, Ask an Expert

Management Studies

American Home, Inc. stocked Christmas trees every Christmas season at its store. At the end of the week before Christmas, unsold trees are reduced in price by 70% and are picked up by an entrepreneur who sells them at the Market Street and Broadway. If American Homes demand for Christmas trees is normally distributed with a mean of 200 trees and standard deviation of 25 trees, find the price for which a tree sells. Assume a service level of 95% and that the American home purchases trees for $2 each.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91644418

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