subject
Mathematics, 07.01.2021 17:40 trevorhenyan51

A company is trying to determine how many Valentine’s Day cards to produce. The cost of printing x cards is $2 million +0.70x. For example, printing 1 million cards costs $2.7 million. Weekly demand for cards follows a normal random variable with a mean of 1.5 million and a standard deviation of 200,000 for a week before the day and a normal random variable with a mean of 0.5 million and a standard deviation of 300,000 for the week before that. The cards are sold for $4.00, and leftover cards have a value of $0.05. With the precision of 0.2 million, determine how many cards should the company produce to maximize its profit.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 16:10
20 da is equal to a. 2,000 cm. b. 2 m. c. 20,000 cm. d. 20,000 mm
Answers: 1
question
Mathematics, 21.06.2019 17:20
7. if the value of x varies directly with the value of y, and x = 3 when y = 21. what is the valu y, and x = 3 when y = 21. what is the value of x when y = 105?
Answers: 1
question
Mathematics, 21.06.2019 22:40
Present age of man is 45 years, 5 years back his age was 4 times age of his son what is present age of his son?
Answers: 2
question
Mathematics, 22.06.2019 02:30
6. sarah saved $12.75 every week for a number of weeks, w. she received an additional $25 during the last week in which she saved money. write and solve an equation to find the number of weeks, w, for which sarah had saved money if she has $114.25 now.
Answers: 3
You know the right answer?
A company is trying to determine how many Valentine’s Day cards to produce. The cost of printing x c...
Questions
Questions on the website: 13722362