Demand for the local daily newspaper of a newstand is, Ask an Expert

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Demand for the local daily newspaper of a newstand is normally distributed with a daily mean of 210 copies and standard deviation of 70. a newspaper sells for $.25 cents and costs $.22 purchase. day-old newspaper are very seldom requested nd therfore they are destroyed. what should the newsstand daily order be to maximise profits?

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Operation Management, Management Studies

Category:- Operation Management
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