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Business, 01.11.2019 06:31 MartinTDL

You are a newsvendor selling san pedro times every morning. before you get to work, you go to the printer and buy the day’s paper for $0.25 a copy. you sell a copy of san pedro times for $1.00. daily demand is distributed normally with mean = 250 and standard deviation = 50. at the end of each morning, any leftover copies are worthless and they go to a recycle bin. how many copies of san pedro times should you buy each morning?

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