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Business, 04.07.2020 22:01 Tuxkie

A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $10, and trees sell for $40. What should the service level be?

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A local club is selling Christmas trees and deciding how many to stock for the month of December. If...

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