Business, 23.12.2019 21:31 shardaeheyward139

Weinstein company uses the newsvendor model to manage its inventory. demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. store a purchases the product for $10 each unit and sells each for $25. inventory is salvaged for $5. what is its maximum profit? 1) a) $12,500 b) $8000 c) $7500 d) $5000

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Weinstein company uses the newsvendor model to manage its inventory. demand for its product is norma...