Question: PLEASE SHOW ALL WORK. Thank You. Problem 4) (12 points) Milk is stocked at a grocery store each week. At the end of each week,

PLEASE SHOW ALL WORK. Thank You.

PLEASE SHOW ALL WORK. Thank You. Problem 4) (12

Problem 4) (12 points) Milk is stocked at a grocery store each week. At the end of each week, unsold milk price is reduced by 30% and the store can sell the unsold milk fully at this lower price. If weekly demand for milk is normally distributed with a mean of 200 gallons and standard deviation of 20 gallons, find the price for which a fresh gallon of milk sells. Assume that the store has a service level of 90% and purchases milk for $2.19 per gallon. a

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