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Paula Shoemaker produces a weekly stock market report for an exclusive readership. She normally sells 3,000 reports per week, and 70% of the time her
Paula Shoemaker produces a weekly stock market report for an exclusive readership. She normally sells 3,000 reports per week, and 70% of the time her sales range from 2,850 to 3,150. The report costs Paula $25 to produce, but Paula is able to sell reports for $350 each. Of course, any reports not sold by the end of the week have no value. How many reports should Paula produce each week?
How to get the standard deviation ?
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