Dorothy's pastries are freshly baked and sold at several spe- cialty shops throughout Perth. When they are
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Question:
Dorothy's pastries are freshly baked and sold at several spe-
cialty shops throughout Perth. When they are a day old, they
must be sold at reduced prices. Daily demand is distributed
as follows:
Demand Probability
500.25
1500.50
2000.25
Each pastry sells for $1.00 and costs $0.60 to make. Each one
not sold at the end of the day can be sold the next day for
$0.30 as day-old merchandise. How many pastries should be
baked each day?
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