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The demand for next year's wildlife calendar at a bookstore is assumed to be normally distributed with a mean of 590 and a standard deviation
The demand for next year's wildlife calendar at a bookstore is assumed to be normally distributed with a mean of 590 and a standard deviation of 60. The calendar costs the bookstore $5.40 each and will be sold for $13.50 each. Any calendars remaining for sale after Christmas will be discounted and sold for $1.30 each. The bookstore believes any calendar remaining to be sold after Christmas can be cleared at the $1.30 price. How many wildlife calendars should the bookstore stock if it wants to maximize its expected profit from wildlife calendars? Click the icon to view the table of standard normal probabilities. The bookstore should stock wildlife calendars if it wants to maximize its expected profit from wildlife calendars(Enter your response rounded to the nearest whole number)
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