7- A department store has a one-time opportunity to purchase a special style of bedroom quilt, which
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7- A department store has a one-time opportunity to purchase a special style of bedroom quilt, which has holiday decorations on it, for $56.00 each. The store plans to offer the quilt to customers at a retail price of $79.00 during the season. Any quilts left over after the holidays will be sold for $38.50. It is estimated that demand for this item at this store location will have a normal probability distribution with a mean of 70 and a standard deviation of 20. How many quilts should the store stock?
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Operations Management Providing Value In Goods And Services
ISBN: 9780030262074
3rd Edition
Authors: Dilworth, James B
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