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A gift shop sells wrapper boxes for February 14. From his experience in previous years, the store owner knows that 150 boxes are sold with
A gift shop sells wrapper boxes for February 14. From his experience in previous years, the store owner knows that 150 boxes are sold with a standard deviation of 10 boxes. The cost of each box is $ 60.00 and he sells them for $ 90.00; If you do not sell them before February 14, you will have to auction them at a cost of $ 45. But, if they run out and a customer comes in and asks for more; You can buy them at a price of $ 100.00 each box with the competition.
How many boxes should you consider oversold?
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