A fish restaurant sells fish for $50 per kg and buys it from the suppliers for $10 per kg. Fish that were not sold during the day go bad. A manager has estimated that daily demand for fish is normally distributed with a mean of 20 kg and a standard deviation of 5 kg. The manager has to decide how much fish to order per day. Find a profit-maximizing order.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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1

A fish restaurant sells fish for $50 per kg
and buys it from the suppliers for $10 per
kg. Fish that were not sold during the day
go bad. A
manager has estimated that daily demand
for fish is normally distributed with a mean
of 20 kg and a standard deviation of 5 kg.
The
manager has to decide how much fish to
order per day. Find a profit-maximizing
order.
Transcribed Image Text:A fish restaurant sells fish for $50 per kg and buys it from the suppliers for $10 per kg. Fish that were not sold during the day go bad. A manager has estimated that daily demand for fish is normally distributed with a mean of 20 kg and a standard deviation of 5 kg. The manager has to decide how much fish to order per day. Find a profit-maximizing order.
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