Demand for devil's food whipped- cream layer cake at a local pastry shop can be approximated using

Question:

Demand for devil's food whipped- cream layer cake at a local pastry shop can be approximated using a Poisson with a mean of six per day. The manager estimates it costs $ 9 to pre-pare each cake. Fresh cakes sell for $ 12. Day-old cakes sell for $ 9 each. What stocking level is appropriate if one-half of the day- old cakes are sold and the rest thrown out?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...