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Cynthia Knott's oyster bar buys fresh Louisiana oystersfor $5 per pound and sells them for $9 per pound. Any oysters notsold that day are sold to her cousin, who has a nearby grocery store,for $2 per pound. Cynthia believes that demand fo llows the normaldistribution, with a mean of I 00 pounds and a standard deviation of15 pounds. How many pounds should she order each day?

Cynthia Knott's oyster bar buys fresh Louisiana oystersfor $5 per pound and sells them for $9 per pound. Any oysters notsold that day are sold to her cousin, who has a nearby grocery store,for $2 per pound. Cynthia believes that demand fo llows the normaldistribution, with a mean of I 00 pounds and a standard deviation of15 pounds. How many pounds should she order each day?

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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Cynthia Knott's oyster bar buys fresh Louisiana oysters
for $5 per pound and sells them for $9 per pound. Any oysters not
sold that day are sold to her cousin, who has a nearby grocery store,
for $2 per pound. Cynthia believes that demand fo llows the normal
distribution, with a mean of I 00 pounds and a standard deviation of
15 pounds. How many pounds should she order each day?
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