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3. A pastry shop is considering how much hot chocolate to prepare each morning. Hot chocolate costs $0.20 per oz to make and sells for $0.90 per oz. Customers can buy hot chocolate in any number of ounces that they wish. Any hot chocolate not sold by the end of the day is discarded. The daily demand for hot chocolate is normally distributed with a mean of 1,000 oz and a standard deviation of 200 oz. How much hot chocolate should the pastry shop make each morning? You may use a z-table for this question.

3. A pastry shop is considering how much hot chocolate to prepare each morning. Hot chocolate costs $0.20 per oz to make and sells for $0.90 per oz. Customers can buy hot chocolate in any number of ounces that they wish. Any hot chocolate not sold by the end of the day is discarded. The daily demand for hot chocolate is normally distributed with a mean of 1,000 oz and a standard deviation of 200 oz. How much hot chocolate should the pastry shop make each morning? You may use a z-table for this question.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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3. A pastry shop is considering how much hot chocolate to prepare each morning. Hot chocolate costs $0.20 per oz to make and sells for $0.90 per oz. Customers can buy hot chocolate in any number of ounces that they wish. Any hot chocolate not sold by the end of the day is discarded. The daily demand for hot chocolate is normally distributed with a mean of 1,000 oz and a standard deviation of 200 oz. How much hot chocolate should the pastry shop make each morning? You may use a z-table for this question.
Transcribed Image Text:3. A pastry shop is considering how much hot chocolate to prepare each morning. Hot chocolate costs $0.20 per oz to make and sells for $0.90 per oz. Customers can buy hot chocolate in any number of ounces that they wish. Any hot chocolate not sold by the end of the day is discarded. The daily demand for hot chocolate is normally distributed with a mean of 1,000 oz and a standard deviation of 200 oz. How much hot chocolate should the pastry shop make each morning? You may use a z-table for this question.
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