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a newspaper vendor is trying to manage his inventory in order to maximize his returns. Daily...

a newspaper vendor is trying to manage his inventory in order to maximize his returns. Daily paper sales as his store are normal distributed with a mean of 150 and standard deviation of 15 . he sells paper for $1 and pays $0.70 for them. Unsold papers are trashed with no salvage value. how many papers should he order each day

Math   Statistics-And-Probability   
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