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helpnplz Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 4000 units and a standard deviation of 600
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Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 4000 units and a standard deviation of 600 units. This is a high-margin monopoly item. with a variable production cost of $63 per unit and a sales price of \$197 per unit. In addition, the producer must pay \$3 to discard any unsold units. How many units should be produced? a) u = $ lunit b) 0 = $ lunit. c) Z -value = (round your response to two decimal places). d) The production quantity should be unils (round your response to the nearest integer) Step by Step Solution
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