A bakery must decide how many loaves of fresh bread to produce in a single day....
A bakery must decide how many loaves of fresh bread to produce in a single day. Daily demand for fresh bread is normally distributed with a mean of 70 loaves and standard deviation of 18. If the marginal loss is $2 and the marginal profit is $1, how much bread should the bakery produce in a single day?
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52 |
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78 |
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63 |
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70 |
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88 |
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A bakery must decide how many loaves of fresh bread to produce
in a single day....
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