A gmc dealer believes that demand for 2005 envoys will be, Financial Management

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A gmc dealer believes that demand for 2005 envoys will be

A GMC dealer believes that demand for 2005 Envoys will be normally distributed with a mean of 200 and standard deviation of 30. His cost of receiving an Envoy is $25,000, and he sells an Envoy for $40,000. Half of all the Envoys not sold at full price can be sold for $30,000. He is considering ordering 200, 220, 240, 260, 280, or 300 Envoys. How many should he order?

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Financial Management: A gmc dealer believes that demand for 2005 envoys will be

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