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Glamor boutique uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 6 0 0 and

Glamor boutique uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 600 and a standard deviation of 100. Glamor boutique purchases the product for $30 each unit and sells each for $50. Inventory is salvaged for $10. What is its expected profit if Glamor boutiques order quantity is 550 units? Use table 13.4

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