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Suppose That the Demand for Cars Is Normally Distributed with Mean

Question 67

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Suppose that the demand for cars is normally distributed with mean of 120 and standard deviation of 20.Use @Risk simulation add-in to determine the "best" order quantity; that is,the one that has the largest expected profit.Using the statistics and/or graphs from @Risk,discuss whether this order quantity would not be considered the "best" by the car dealer.

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