A toy store must decide on how many bears to order for the next
year. Each...
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A toy store must decide on how many bears to order for the nextyear. Each bear is sold for $6 and costs $3. After January 1st2019, any unsold bears are returned to the publisher for a refundof $1 each. If demand is normally distributed with a mean of 3000and a standard deviation of 500, how many bears should the toystore order?
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To be calculatedNumber of bears to orderGiven valuesMean demand 3000Standard deviation 500Purchase price 3Selling price 6Salvage value 1Cost
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