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Mathematics, 05.05.2020 05:03 robertotugalanp1wlgs

The ABC Shoe Company buys shoes for $40 per pair and sells them for $60 per pair. If there are surplus shoes left at the end of the season, all shoes are expected to be sold at the sale price of $30 per pair. Suppose that demand is normally distributed with a mean of 500 units and a standard deviation of 100 units per season. How many shoes should the ABC Shoe Company buy?

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