Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. a toy store must decide on how many bears to order

A toy store must decide on how many bears to order for the next year. Each...

90.2K

Verified Solution

Question

General Management

A toy store must decide on how many bears to order for the nextyear. Each bear is sold for $6 and costs $3. After January 1st2019, any unsold bears are returned to the publisher for a refundof $1 each. If demand is normally distributed with a mean of 3000and a standard deviation of 500, how many bears should the toystore order?

Answer & Explanation Solved by verified expert
4.4 Ratings (837 Votes)
To be calculatedNumber of bears to orderGiven valuesMean demand 3000Standard deviation 500Purchase price 3Selling price 6Salvage value 1Cost    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A data set is given a) (a) Draw a scatter diagram. Comment on the type of relation...

Programming
1.2K views

Identify and correct the errors in each of the following statements: a) printf( \"The value is %d\n\", &number...

Physics
1.2K views

m from its left end The beam s center of mass is at the center...

Geometry
1.2K views

points Given 2BC 72 and that line BD is tangent to the circle determine the...

Geometry
1.2K views

Given AD AE and AB AC Prove AABE AACD Step 1 try Statement AD AE...

Basic Math
1.2K views

ferry cruise ship C cruise ship kayak ferry row boat hoose the correct answer below...

Basic Math
1.2K views

Situation 1 Origami paper is always in the shape of a square If you take...

Basic Math
1.2K views

roblem 3 A Ferris wheel is built such that the height h in feet above...

Basic Math
1.2K views

What is the discriminant of the quadratic equation 8x2-3x+7=0?

Calculus
1.2K views

244 2 Evaluate the integral x y 2 dz dy dx S S S 000...

Algebra
1.2K views

A single six sided die is rolled twice The 36 equally likely outcomes are shown...

Accounting
1.2K views

8. Benefits of traditional and Roth 401(k) plans Aa Aa Traditional 401(k) and...