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You received no credit for this question in the previous attempt. Problem 1 1 - 7 ( Algo ) Wholemark is an Internet order business
You received no credit for this question in the previous attempt.
Problem Algo
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?
Note: Use Excel's NORM.SINV function to find the z value. Round value to decimal places. Round your answer to the nearest whole number.
Optimal production quantity
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