Question: I also attached the table below Burger Prince buys top-grade ground beef for $.80 per pound. A large sign over the entrance guarantees that the

I also attached the table below Burger Prince

I also attached the table below

I also attached the table below Burger Prince

Burger Prince buys top-grade ground beef for $.80 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for 50 cents per pound. Four hamburgers can be prepared from each pound of meat. Burgers sell for 60 cents each. Labor, overhead, meat, buns, and condiments cost 40 cents per burger. Demand is normally distributed with a mean of 380 pounds per day and a standard deviation of 25 pounds per day. What daily order quantity is optimal? (Hint: Shortage cost must be in dollars per pound.) (Round your answer to 1 decimal place.) Use Table. Optimal daily order quantity pounds N ,06 .0 5239 5636 .6026 .6406 6772 .7123 .7454 7764 8051 .8315 .8554 .8770 .8962 9131 .9279 9406 9515 1.5 1.6 1.7 1.8 1.9 .9608 .9686 9750 2.0 2.1 2.2 9803 9846 9881 .9909 .9931 .9948 9961 2.5 2.6 2.7 2.8 2.9 .9971 9979 .9985 3.0 3.1 3.2 3.3 3.4 .9989 .9992 .9994 .9996 .9997

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