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Dan McClure owns a thriving bookstore. He must decide how many copies to order of a new book. The books retail price is $20, its
Dan McClure owns a thriving bookstore. He must decide how many copies to order of a new book. The books retail price is $20, its wholesale price is $12, and the publisher will buy back unsold copies at a full refund but McClure will incur $4 in shipping and handling costs for each book. Dan believes demand for the book is normally distributed with mean 200 and std. dev. 80.
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