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Daily demand for the ice creams at I - Scream parlor is normally distributed with a mean of 1 6 0 quarts and a standard
Daily demand for the ice creams at IScream parlor is normally distributed with a mean of quarts and a standard deviation of quarts. The owner has the ice cream supplied by a wholesaler who charges $ per quart. The wholesaler charges a $ delivery charge independent of order size. It takes days for an order to be supplied. The opportunity cost of capital to IScream is estimated to be per year. Assume days in the year. Show all work
C currently the owner orders quarts of icecream when they have quarts on hand. The average time spent by a quart of icecream at the parlor is:
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