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Ranges includes the optimal order size

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Joe's Coffee Shoppe has fresh doughnuts delivered each morning. Daily demand for plain doughnuts is approximately normal with a mean of 200 and a standard deviation of 30. Joe pays $0.20 per doughnut and sells it for $0.55. At the end of the day, 2/3 of the unsold doughnuts are sold at 0.25 each, and Joe and the staff eat any leftovers. Which of the following ranges includes the optimal order size?

Reference no: EM13711736

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