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A small copy center uses 3 490-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution
A small copy center uses 3 490-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 3 boxes per week and a standard deviation of .40 box per week. 3 weeks are required to fill an order for letterhead stationery. Ordering cost is $4, and annual holding cost is 37 cents per box
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