Parkas should the store buy to maximize expected profit

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Reference no: EM131268804

How many parkas should the store buy to maximize expected profit?

Given:

1. A store purchases parkas for $10 each.

2. Demand for the parkas are uncertain.

3. Forecast for deman is normally distributed with mean of 2,100 and a standard deviation of 1,200.

4. Store will sell each parka for $22 each.

5. Unsold parkas have no salvage value.

Reference no: EM131268804

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