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Management Studies

You are the buyer for your university bookstore. One of the textbooks has a cost to you of $205 and you sell it to students for $410. In this case, however, you cannot salvage any value from copies that do not sell because a new edition is published every semester. Demand for this text averages 185 copies each semester, with a standard deviation of 31 copies. Use Appendix A.

How many should you order each semester? (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.)

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Operation Management, Management Studies

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