Question: please help Henrique Correa's bakery prepares all its cakes between 4 A.M. and 6 A.M.so they will be fresh when customers arrive. Day-old cakes are
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Henrique Correa's bakery prepares all its cakes between 4 A.M. and 6 A.M.so they will be fresh when customers arrive. Day-old cakes are virtually always sold, but at a 50% discount off the regular $8 price. The cost of baking a cake is $5, and demand is estimated to be normally distributed, with a mean of 20 and a standard deviation of 7. What is the optimal stocking level? Refer to the standard normal table for z-values. The optimal stocking love for the bakery is cakos (round your response to the nearest wholo number)
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