Question: A bakery sells bread for $2 per load that costs $0.80 a loaf. The bakery gives a 75% discount for its bread at the end
A bakery sells bread for $2 per load that costs $0.80 a loaf. The bakery gives a 75% discount for its bread at the end of the day. Demand for the bread is normally distributed with a mean of 300 and a standard deviation of 30. What order quantity maximizes the expected profit for the bakery?
(Use table to find z and round up)
320
323
327
300
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