A weekly sports magazine publishes a special edition for the World Series. The sales forecast is for the number of copies to be normally distributed with mean 800,000 copies and standard deviation 60,000 copies. It costs $.35 to print a copy, and the newsstand price is $1.95 . Unsold copies will be scrapped. How many copies should be printed?
P(demand < Q*) = 1.6/1.95 = .8205
Q* = 800000 + .92(60000) = 855,200
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