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Organic milk is stocked at a grocery store each week. At the end of each week, unsold organic milk price is reduced by 3 0
Organic milk is stocked at a grocery store each week. At the end of each week, unsold organic milk price is reduced by ?and the store can sell the unsold organic milk fully at this lower price. If weekly demand for organic milk is normally distributed with a mean of ?gallons and standard deviation of ?gallons, find the price for which a fresh gallon of organic milk sells. Assume that the store has a service level of ?and purchases organic milk for $ ?per gallon.
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