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QUESTION
e demand will be greater than or equal to a given inventory level (P) such that (or where) expected marginal profit will equal expected marginal loss?...
What is the probability that the demand will be greater than or equal to a given inventory level (P) such that (or where) expected marginal profit will equal expected marginal loss? Given: Marginal Profit (MP) is $90 and the Marginal Loss (ML) is $50.
