A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $10, and trees sell for $40. What should the service level be? 0.75 0.60 0.20 0.84 unable to determine given the above information
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A local club is selling Christmas trees and deciding how many to stock for the month of December. If...
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