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Bakery A sells bread for $2 per loaf that costs $0.40 per loaf to make. Bakery A gives a 90% discount for its bread
Bakery A sells bread for $2 per loaf that costs $0.40 per loaf to make. Bakery A gives a 90% discount for its bread at the end of the day. Demand for the bread is normally distributed with a mean of 300 and a standard deviation of 20. What order quantity maximizes expected profit for Bakery A? (use the normal distribution table posted on Canvas and round up to the nearest integer)
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