In addition to selling Christmas trees during the Christmas holidays, Harry's Hardware sells all the ordinary hardware

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In addition to selling Christmas trees during the Christmas holidays, Harry's Hardware sells all the ordinary hardware items. One of the most popular items is Great Glue HH, a glue that is made just for Harry's Hardware. The selling price is $4 per bottle, but unfortunately, the glue gets hard and unusable after one month. The cost of the glue is $1.20. During the past several months, the mean sales of glue have been 60 units, and the standard deviation is 7. How many bottles of glue should Harry's Hardware stock? Assume that sales follow a normal distribution.

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Quantitative Analysis For Management

ISBN: 162

11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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