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Freshly made yogurt is stocked at a nearby grocery store each week. At the end of the week unsold yogurts is reduced in price by
Freshly made yogurt is stocked at a nearby grocery store each week. At the end of the
week unsold yogurts is reduced in price by and always sells for this lower price
instantly. If weekly demand for yogurt is normally distributed with a mean of units
and standard deviation of units, find the price for which a fresh unit of yogurt sells.
Assume a service level of and that the store purchases yogurt for $
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