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Exercise 0 1 : Mrs . Kandell estimates that if she buys more Christmas trees than she can sell, it costs about $ 3 0
Exercise : Mrs Kandell estimates that if she buys more Christmas trees than she can sell, it costs about $ for the tree and its disposal. If demand is higher than the number of trees she orders, she looses a profit of $ per tree. Assume a demand normally distributed with a mean of trees and standard deviation of trees a Determine how many trees to order to minimize total cost. b Determine the Q that you need to order to have of stockout.
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