You are in charge of ordering hats for the upcoming concert at the Mercedes Benz stadium. Hats cost you $7 a piece and y
Posted: Thu Apr 28, 2022 2:35 pm
You are in charge of ordering hats for the upcoming concert at the Mercedes Benz stadium. Hats cost you $7 a piece and you can sell them that night for $20. Any hats not sold that night can sell to a secondary market for $5 a plece. Expected demand for shirts is 20,000 with a standard deviation of 3,000. How many hats should you purchase? I AX