question 24beyers sells winter coats with most of the sales being made
QUESTION 24Beyer's sells winter coats, with most of the sales being made in the months of October, November, and December. Beyer's makes a one-time purchase of coats in September at a cost of $40 each and sells each coat tor S70. Any coats unsold at the end of December are marked down to $30 and sold in a special New Year's clearance sale. Any unsold coats always sell during the clearance sale. The following is the number of sales of coats for the past 10 years: 80, 100, 80, 110, 60, 90, 80, 80, 70, 90.Assume the demand for winter coats follows a normal distribution with mean and variance as previously calculated. Determine the optimal number of coats for Beyer's to order each September. (Round to the nearest integer)
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