Orders for clothing from a particular manufacturer for this year's Christmas shopping season must be placed in February.The cost per unit for a particular dress is $20 while the anticipated selling price is $50.Demand is projected to be 50, 60, or 70 units.There is a 40 percent chance that demand will be 50 units, a 50 percent chance that demand will be 60 units, and a 10 percent chance that demand will be 70 units.The company believes that any leftover goods will have to be scrapped.How many units should be ordered in February?

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The Answer of Orders for clothing from a particular manufacturer for this year's Christmas shopping season must be placed in February.The cost per unit for a particular dress is $20 while the anticipated selling price is $50.Demand is projected to be 50, 60, or 70 units.There is a 40 percent chance that demand will be 50 units, a 50 percent chance that demand will be 60 units, and a 10 percent chance that demand will be 70 units.The company believes that any leftover goods will have to be scrapped.How many units should be ordered in February?

Orders for Clothing from a Particular Manufacturer for This Year's