QUESTION 25 A stall at a seaside restaurant prides itself on fresh crab, and buys its catch fresh daily. Daily demand for the crab is a mean of 667 pounds, with a standard deviation of 287 pounds. The restaurant buys the crab directly from the local fishing boats; the price from thes fishing boats is $10 per pound. Once the crab is properly cooked, it sells in the restaurant for $50 per pound. Again, this restaurant prides itself on fresh crab. Whatever they don't sell at the end of the day is cooked, chopped up into sandwiches, and donated to a local shelter, generating a $1 per pound tax break. How many pounds of crab should the restaurant buy each day in order to maximize their expected profits? QUESTION 23 A grocery store selin boxes of cereal. The grocery store sells 485 boxes per month; assume 12 months per year. Boxed cost the store $0.99 oach at wholesale costs; the holding cost pleritem per year is estimated to be 15% of the wholesale cost to buy the goods. Each time the grocery store orders more boxes of cereal, they must pay an additional shipping and handling charge of $151. How many boxes of cereal should the grocery store order in order to minimize their annual ordering and holding conta