Demand is expected to be normally distributed

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Consider a newsvendor problem where demand is expected to be normally distributed with a mean of 24,000 units and a standard deviation of 1500 units. The sales price is $58 and the cost to produce each unit is $25. In addition, the product is radioactive, and any unsold units at the end of the period will cost $18 to dispose of. How many units should the company produce?

Reference no: EM13956496

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