Find the price for which a tree sells

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Reference no: EM13969475

American Home, Inc. stocked Christmas trees every Christmas season at its store. At the end of the week before Christmas, unsold trees are reduced in price by 70% and are picked up by an entrepreneur who sells them at the Market Street and Broadway. If American Homes demand for Christmas trees is normally distributed with a mean of 200 trees and standard deviation of 25 trees, find the price for which a tree sells. Assume a service level of 95% and that the American home purchases trees for $2 each.

Reference no: EM13969475

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