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A Professional Baseball Organization Chooses to Sell Game Day Programs

Question 123

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A professional baseball organization chooses to sell game day programs.Demand for game day programs is normally distributed with a mean of 2,000 and standard deviation of 300.If the marginal loss is $1 and the marginal profit is $3, how many programs should the baseball organization print?

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P = ML/(ML + MP)= 0.25.Z = 0.6...

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