16. A hot dog vendor at a football game must decide in advance how many hot dogs...
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16. A hot dog vendor at a football game must decide in advance how many hot dogs to order. He makes a profit of $.10 on each hot dog which is sold, and he suffers a $.20 loss on hot dogs which are unsold. If his distribution of the number of hot dogs that will be demanded at the football game is a normal distribution with mean 10,000 and standard deviation 2000, how many hot dogs should he order?
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Related Book For
Statistics Probability Inference And Decision
ISBN: 9780030778056
1st Edition
Authors: Robert L. Winkler, William L. Hays
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