Question: I need some assistance with this question, please show work if applicable. Thank you! Skinner's Fish Market buys fresh Boston bluefish daily for $4.20 per

I need some assistance with this question, please show work if applicable. Thank you!

I need some assistance with this question, please

Skinner's Fish Market buys fresh Boston bluefish daily for $4.20 per pound and sells it for $6 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $3 per pound. Daily demand can be approximated by a normal distribution with mean of 52 pounds and a standard deviation of 12 pounds. What is the optimal order quantity (stocking level)? Round your answer to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!