(c) Musa Bakery prepares a variety of bread but none is popular than its milk bread....

 

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(c) Musa Bakery prepares a variety of bread but none is popular than its milk bread. Fresh bread is made every morning at 04.00 hours and sold around Lusaka and neighbouring towns throughout the day. Leftover bread is put in a box and sold at 75% discount next day. Fresh bread is sold for K12 each. The cost to make each bread is K4.50. The bakery has recorded its first-day sales data for the last 200 days as follows; First Day Sales-details No a b с d 9 h T k Dozens of Breads 2 3 4 5 6 7 8 10 11 12 Frequency 14 18 26 32 30 26 20 18 12 2 2 (1) Calculate the Probability (P) of the number of dozens of breads listed (a to k) and the probability that number of leftovers of bread (N) will be less than the sales of bread (X) of P (N<X). (ii) Deduce the cost of under sales/bookings (Cu) and the cost of over sales/booking (Co) and determine the number of bread that Musa bakery would produce for cost effectives every morning. Hint: P(n<x)≤ Cu /( Cu + Co) (c) Musa Bakery prepares a variety of bread but none is popular than its milk bread. Fresh bread is made every morning at 04.00 hours and sold around Lusaka and neighbouring towns throughout the day. Leftover bread is put in a box and sold at 75% discount next day. Fresh bread is sold for K12 each. The cost to make each bread is K4.50. The bakery has recorded its first-day sales data for the last 200 days as follows; First Day Sales-details No a b с d 9 h T k Dozens of Breads 2 3 4 5 6 7 8 10 11 12 Frequency 14 18 26 32 30 26 20 18 12 2 2 (1) Calculate the Probability (P) of the number of dozens of breads listed (a to k) and the probability that number of leftovers of bread (N) will be less than the sales of bread (X) of P (N<X). (ii) Deduce the cost of under sales/bookings (Cu) and the cost of over sales/booking (Co) and determine the number of bread that Musa bakery would produce for cost effectives every morning. Hint: P(n<x)≤ Cu /( Cu + Co)

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i Calculation of probabilities Total observations 200 a 2 dozens Frequency 14 Probability 14200 007 ... View the full answer