Question: Bonus Problem: ( 6 points) (Bonus points will be added to your homework score). A fish distributor is trying to periect his business to maximize
Bonus Problem: ( 6 points) (Bonus points will be added to your homework score). A fish distributor is trying to periect his business to maximize the money he saves. Daily fish sales are normally distributed with a mean of 350 pounds and standard deviation of 60 pounds. The distributor sells each pound of fish for $6.00 and pays $2.50 per pound to buy fish. The distributor must get rid of unsold fish by paying a waste removal facility fee of $0.25 per pound of fish. How many pounds of fish should the distributor order each day and what % of the time will be experience a stock-out? Are there any drawbacks to the order size proposed and how could the fisherman address such issues
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