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The Western Out fitters Store specializes in denim jeans. The variable cost of the jeans varies according to several factors, including the cost of the
The Western Out fitters Store specializes in denim jeans. The variable cost of the jeans varies according to several factors, including the cost of the jeans from the distributor, labor costs, handling, packaging, and so on. Price also is a random variable that varies according to competitors' prices.
Sales volume also varies each month. The probability distributions for volume, price, and variable costs each month are as follows: