Chris ellirsquos newsstand sells 120 copies of the, Ask an Expert

Management Studies

Chris Elli’s newsstand sells 120 copies of the Washington Post each day. Chris believes the daily sale of the Post is normally distributed with a standard deviation of 15 papers. He pays 70 cents for each paper which sells for $1.25. The Post gives him a 30 cent credit for each unsold paper

How many papers should he order each day?

The probability of stock out for the order quantity in part a?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91698952

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