Avalon Bakery would like you to recommend how many loaves of its famous marble rye bread to

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Avalon Bakery would like you to recommend how many loaves of its famous marble rye bread to bake at the beginning of the day. Each loaf costs the bakery $ 3.00 and can be sold for $ 6.00. Leftover loaves at the end of each day are donated to charity. Research has shown that the probabilities for demands of 25, 50, and 75 loaves are 35%, 25%, and 40%, respectively. Make a recommendation for Avalon to bake 25, 50, or 75 loaves each morning.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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