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Green Mountain Sports sells a full line of outdoor clothing and accessories, including waterproof hiking boots. Due to competition, Green Mountain can sell these hiking

Green Mountain Sports sells a
full line of outdoor clothing and accessories, including waterproof hiking boots. Due
to competition, Green Mountain can sell these hiking boots for only $50 but must
pay suppliers $37 per pair. One order is placed per season; excess inventory is sold
at a 50% price discount at the end of the season. At $50, demand over the season
is estimated to follow a Normal distribution with mean 300 pairs of boots and a
standard deviation of 200.

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