Question: (7 points) Demand for plain bagels at the CPG Bagels can be approximated using a Poisson distribution with a mean of 22 per day. The

(7 points) Demand for plain bagels at the CPG

(7 points) Demand for plain bagels at the CPG Bagels can be approximated using a Poisson distribution with a mean of 22 per day. The manager estimates it costs $ 0.2 to make a bagel. The price of a fresh bagel is $1.5. Bagels not sold by the end of the day are sold the next day as "day old bagels, for $0.99 per bagel. What stocking level is appropriate if one-half of the day-old bagels are sold and the rest thrown out? The distribution function of a Poisson with the mean 22 is as follows: F(Q) F(Q) F(Q) F(Q) 0.0000 0.0000 0.0000 0.0000 0.0000 0.0001 0.0002 0.0006 0.0015 0.0035 0.0076 0.0151 0.0278 0.0477 0.0769 0.1170 0.1690 0.2325 0.3060 0.3869 0.4716 0.5564 0.6374 0.7117 0.7771 0.8324 0.8775 0.9129 0.9398 0.9595 0.9735 0.9831 0.9895 0.9936 0.9962 0.9978 0.9988 0.9993 0.9996 0.9998 (7 points) Demand for plain bagels at the CPG Bagels can be approximated using a Poisson distribution with a mean of 22 per day. The manager estimates it costs $ 0.2 to make a bagel. The price of a fresh bagel is $1.5. Bagels not sold by the end of the day are sold the next day as "day old bagels, for $0.99 per bagel. What stocking level is appropriate if one-half of the day-old bagels are sold and the rest thrown out? The distribution function of a Poisson with the mean 22 is as follows: F(Q) F(Q) F(Q) F(Q) 0.0000 0.0000 0.0000 0.0000 0.0000 0.0001 0.0002 0.0006 0.0015 0.0035 0.0076 0.0151 0.0278 0.0477 0.0769 0.1170 0.1690 0.2325 0.3060 0.3869 0.4716 0.5564 0.6374 0.7117 0.7771 0.8324 0.8775 0.9129 0.9398 0.9595 0.9735 0.9831 0.9895 0.9936 0.9962 0.9978 0.9988 0.9993 0.9996 0.9998

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