Question: please do the step by step calculation. Preferably in excel A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the

please do the step by step calculation.

please do the step by step calculation. Preferably in excel

A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $45 each to make, and they sell for $84 each. Unsold cakes during the weekend will be sold at 70% off during the weekdays. The weekend demand for the wedding cakes can be approximated by a normal distribution with a mean 20 and a standard deviation of 4. What would be the cost Co if the bakery over-estimates the cake demands? Input should be an exact number. 19.8

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!