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Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. Wholemark is an Internet order business that sells
Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. The cost of the paper on which the card is printed is $ per card, and the cost of printing is $ per card. The company receives $ per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with a mean of and a standard deviation Assume these four are independent. What is the optimal production quantity for the card? Use Excel's NORM.SINV function to find the z value. Round z value to decimal places. Round your answer to the nearest whole number. Optimal production quantity
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