Question: How to solve this problem step by step with explanation. The correct answer is shown in the image. Cynthia Knott's oyster bar buys fresh Louisiana
How to solve this problem step by step with explanation. The correct answer is shown in the image.
Cynthia Knott's oyster bar buys fresh Louisiana oysters for $5 per pound and sells them for $9 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $3 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 14 pounds. How many pounds should she order each day? Refer to the for z-values. Cynthia should order pounds of oysters each day (round your response to one decimal place)
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