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You order Christmas trees for your lot in Richmond from a tree farm in Oregon. Trees cost you $30 apiece (including shipping), and you sell them for $75. Per Richmond regulations, any leftover (unsold) trees must be properly disposed of, at a cost of $5 per tree. You anticipate that demand over the pre-Christmas season will be normally distributed, with an average of 300 and a standard deviation of 50. How many trees should you order?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92035204

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