Question: Help Question 21 (10 points) Demand for egg custard tarts on Mondays at CSU Shoppe is shown in the following table. Demand (dozens) Probability 7
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Question 21 (10 points) Demand for egg custard tarts on Mondays at CSU Shoppe is shown in the following table. Demand (dozens) Probability 7 0.15 8 10.15 9 0.15 10 0.15 11 0.10 12 0.10 13 0.10 14 0.05 15 0.05 Determine the optimal number of egg custard tarts, in dozens, to stock if labor, materials, and overhead are estimated to be $16 per dozen, tarts are sold for $20 per dozen, and leftover tarts at the end of each day are sold the next day at half price. What is the optimal stocking level on Mondays
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