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Mr. Chan operates a book store. He orders copies of books from the publisher at a cost of $4 per copy. Any unsold book h
Posted: Fri May 20, 2022 5:53 am
by answerhappygod
- Mr Chan Operates A Book Store He Orders Copies Of Books From The Publisher At A Cost Of 4 Per Copy Any Unsold Book H 1 (20.02 KiB) Viewed 60 times
Mr. Chan operates a book store. He orders copies of books from the publisher at a cost of $4 per copy. Any unsold book has zero salvage value. In particular, the demand can be described with a normal distribution with mean 100-p and standard deviation 12. For what price p does the optimal order quantity achieves the service level of 80% exactly? 0 25 0 16 05 0 20 O 10