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Assume that the demand follows a uniform distribution

Question - You are starting a Christmas tree business. You can purchase trees from local farmers at $25 per tree. You are able to sell the trees at $55 per tree. Any leftover trees can be sold to the local wood chip company at $5 per tree. Assume that the demand follows a uniform distribution ∼U(50,400). How many trees should you stock through the holiday season?

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Accounting Basics: Assume that the demand follows a uniform distribution

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