How many should he order


A summer sports wear retailer has a very short selling season, so only gets one chance to order each of his goods. One of these has a history of selling an average of 200 items, with a standard deviation of 20. If he wants to maximize his profits, how many should he order? He buys the item for $30 and sells it for $75. After the season, he can sell what is left to a discount house for $20.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: How many should he order
Reference No:- TGS0108466

Expected delivery within 24 Hours