Croissant Bakery offers special decorated cakes for special occasions. It also has regular cakes in its bakery. The following table gives the total number of cakes sold per day and the corresponding probability. Use Excel to find the standard deviation for the sales per day. Round to 2 decimal places. Number of cakes sold Probability Sales $ 12 0.25 420 13 0.40 390 14 0.25 549 15 0.10 605
Croissant Bakery offers special decorated cakes for special occasions. It also has regular cakes in its...
Henrique Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive. Day-old cakes are virtually always sold, but at a 50% discount off the regular $10 price. The cost of baking a cake is $7, and demand is estimated to be normally distributed, with a mean of 30 and a standard deviation of 6. What is the optimal stocking level? Refer to the standard normal table LOADING... for z-values. The optimal stocking...