Question: - Bob's cider bar sells cherry-apple cider during the winter season. Demand for the cider blend is approximately normally distributed, with a mean of 217
- Bob's cider bar sells cherry-apple cider during the winter season. Demand for the cider blend is approximately normally distributed, with a mean of 217 barrels in the period and a standard deviation of 6 barrels per season for the last several years (winter seasons). The cost of a barrel of cider is $46 for which bob sells by the barrel for $99. Any barrels of cider not sold during the season are held for the next year's winter season as a salvage for $24 per barrel. How many barrels should Bob order for the winter season if Bob wishes to optimize his stocking position?
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