Weekly demand for copier paper is normally distributed a mea…
Weekly demand for copier paper is normally distributed a mean of 3,000 boxes and a standard deviation of 200 boxes. The business operates 50 weeks every year. The store pays $20 per box to and estimates holding at 10% per year. It costs $100 to place and receive an order from the supplier. It takes 1 week for an order of additional paper boxes to be supplied. How many boxes should be ordered (approximately) at a time from the supplier in order to minimize costs?