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A store uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 5 0 0 and
A store uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of and a standard deviation of Store A purchases the product for $ each unit and sells each for $ Inventory is salvaged for $ What is the optimal quantity the store should order of its product?
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