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Target sells a popular model of pre-lit artificial Christmas trees during the holiday season. The total procurement cost per unit is $110, and the selling
Target sells a popular model of pre-lit artificial Christmas trees during the holiday season. The total procurement cost per unit is $110, and the selling price is $180. At this price, the anticipated demand during the selling season is normally distributed, with a mean of 1,301 units and standard deviation of 289 units. Any unsold units at the end of the season will be disposed of in a postseason sale for $90. It costs $10 to hold a unit in inventory for the entire season. Compute the optimal order quantity that maximizes expected profits. - Carry all calculations to at least 3 decimal places. - Enter your final answer rounded to one decimal place (nearest tenth)
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