Expected monetary value when baking x loaves = x* profit
Thus,
Expected monetary value when baking 25 loaves = 25* (5-4) = $25
Queston elp tamous martle rye tread to bake at the beginning of the day Each loaf...
a bakery would like you to recommend how many loaves of its famous marble rye bread to bake at the beginning of the day. each loaf costs the bakery $2.00 and can be sold for $5.00. Leftover loaves at the end of each day are donated to charity. Research has shown that the probabilities for demands of 25, 50, 75 loaves are 35%, 20%, and 45% respectively. Make a recommendation for the bakery to bake 25, 50, 75 loaves each...
Abakery would like you to recommend how many loves of its famous marble rye bread bake the beginning of the day. Each of costs the bakery 12.00 and can be sold for 16.00. Letowe loves at the end of each day are donated to charity. Research has shown that the probabies for demands of 25, 50, and 75 loves we 35%, 25% and 40 respectively. Make a Mendation for the bakery to bake 25, 50, or 75 leves each moming...