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Camping Co . , an outdoor retailer, prepares for the upcoming summer season. The demand for a cooler is determined as equally likely to be
Camping Co an outdoor retailer, prepares for the upcoming summer season. The demand for a
cooler is determined as equally likely to be any value between and units. Each unit costs
$ and is sold for $ each. Any unsold stock at the end of the period can be markdown for $
a unit. What is the optimal order quantity for the period?
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