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1 . Green Thumb, a manufacturer of lawn care equipment, has introduced a new product. Each unit costs $ 2 5 0 to manufacture, and

1. Green Thumb, a manufacturer of lawn care equipment, has introduced a new product. Each unit costs $250 to manufacture, and the introductory price is $300. At this price, the anticipated demand is normally distributed, with a mean of m =100 and a standard deviation of s =40. Any unsold units at the end of the season are unlikely to be valuable and will be disposed of in a post-season sale for $50 each. It costs $20 to hold a unit in inventory for the entire season.

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