What is the optimal order quantity

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Skinner’s Fish market buys fresh Boston bluefish daily for $4.20 per pound and sells it for $5.70 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $2.40 per pound. Daily demand can be approximated by a normal distribution with a mean of 180 pounds and a standard deviation of 50 pounds. What is the optimal order quantity?

Reference no: EM13962025

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