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