The buyer for Payless Shoe store decided to order a woman's shoe at a buyers' meetingin Miami. The shoe will be part of the company's Christmas promotion. New designs arecoming out after Christmas, so the shoes have to be sold during the Christmas season.Payless plans to hold a special December clearance sale, in an attempt to sell all shoesnot sold by November 31st. The shoes will retail at $50 per pair and the company makesa profit of $15 on each pair. At the sale price of $21 per pair, all surplus shoes can beexpected to sell during the December sale. The expected demand for the shoes is 700pairs with a standard deviation of 300 pairs. How many pairs of the shoe should thebuyer order?

From the given details we have,

Answered: The buyer for Payless Shoe store…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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