A bakery has determined that the number of loaves of its white bread demanded daily has a

Question:

A bakery has determined that the number of loaves of its white bread demanded daily has a normal distribution with mean 7,200 loaves and standard deviation 300 loaves. Based on cost considerations, the company has decided that its best strategy is to produce a sufficient number of loaves so that it will fully supply demand on 94% of all days.

a. How many loaves of bread should the company produce?

b. Based on the production in part a, on what percentage of days will the company be left with more than 500 loaves of unsold bread?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...