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The inventory manager of a retail store is trying to determine how many Halloween costumers to order. Based on sales data from previous years, sales have been relatively flat with a mean of 150 costumes and a standard deviation of 20. The store purchases the costumers for $15 each and sells them for $30. There is no salvage value: at the end of the season the costumes are given away to charity. What is the optimal order quantity?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92583929

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