Question: Avalon Bakery would like you to recommend how many loaves

Avalon 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 $ 3.00 and can be sold for $ 6.00. Leftover loaves at the end of each day are donated to charity. Research has shown that the probabilities for demands of 25, 50, and 75 loaves are 35%, 25%, and 40%, respectively. Make a recommendation for Avalon to bake 25, 50, or 75 loaves each morning.

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  • CreatedJuly 17, 2015
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