A bakery bakes fresh muffins each day. The demand each day is random but has been estimated
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A bakery bakes fresh muffins each day. The demand each day is random but has been estimated to be normally distributed with a mean of 350 and a standard deviation of 35.4. The muffins cost $.15 per muffin to make, and they sell them for $.70 each. Muffins unsold at the end of the day are purchased by a neighborhood soup kitchen for $.05 each.
Related Book For
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale
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