Banbury Cross is a local donut shop in Salt Lake City that sells many different kinds...
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Banbury Cross is a local donut shop in Salt Lake City that sells many different kinds of donuts. Mr. Cross, the owner of Banbury Cross opens the shop at 5:00 am and bakes the donuts every morning. The most popular type of donuts is strawberry frosted donuts. The daily demand for strawberry frosted donuts has the following discrete distribution: Number of donuts sold in one day 20 45 60 85 100 Probability 0.1 0.2 0.2 0.4 0.1 Every morning, Mr. Cross bakes 80 strawberry frosted donuts unless there is a special order. Each donut costs $3 to make, and is sold for $5; unsold donuts are given away to a charity at the end of the day, at a discounted price of $1.50. 1. What is the expected daily demand for strawberry frosted donuts at Banbury Cross? 2. What are the expected lost sales at Banbury Cross on a typical day? Banbury Cross is a local donut shop in Salt Lake City that sells many different kinds of donuts. Mr. Cross, the owner of Banbury Cross opens the shop at 5:00 am and bakes the donuts every morning. The most popular type of donuts is strawberry frosted donuts. The daily demand for strawberry frosted donuts has the following discrete distribution: Number of donuts sold in one day 20 45 60 85 100 Probability 0.1 0.2 0.2 0.4 0.1 Every morning, Mr. Cross bakes 80 strawberry frosted donuts unless there is a special order. Each donut costs $3 to make, and is sold for $5; unsold donuts are given away to a charity at the end of the day, at a discounted price of $1.50. 1. What is the expected daily demand for strawberry frosted donuts at Banbury Cross? 2. What are the expected lost sales at Banbury Cross on a typical day?
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1 20 donuts x 01 probability 2 45 donuts x 02 probability 9 60 donuts ... View the full answer
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
Posted Date:
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