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3 . Jannelle Inc. sells a seasonal product for $ 1 0 per unit. The cost of the product is $ 6 per unit. All
Jannelle Inc. sells a seasonal product for $ per unit. The cost of the product is $ per unit. All units not sold during the regular season are sold at $ in an endofseason clearance sale. Assume that demand for the product is normally distributed with a mean and a standard deviation of and respectively. What is the optimal order quantity?
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