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PLEASE ANSWER CORRECTLY! TY! Newsvendor problem: Samantha Brons sells fresh salmon at her store daily. She estimated that the demand for salmon follows a normal
PLEASE ANSWER CORRECTLY! TY!
Newsvendor problem: Samantha Brons sells fresh salmon at her store daily. She estimated that the demand for salmon follows a normal distribution with a mean of 114 pounds and a standard deviation of 14 pounds. She pays $9 for a pound of fish, whichd sells for $23. Any fish not sold that day are sold to another store for $5 per pound. According to this given information, how many pounds should she order everyday? (Do not round your intermediate calculations. Round your final answer to the nearest whole number. Only enter the number. Newsvendor problem: Samantha Brons sells fresh salmon at her store daily. She estimated that the demand for salmon follows a normal distribution with a mean of 110 pounds and a standard deviation of 18 pounds. She pays $8 for a pound of fish, whichi sells for $26. Any fish not sold that day are sold to another store for $4 per pound. According to this given information, how many pounds should she order everyday? (Do not round your intermediate calculations. Round your final answer to the nearest whole number. Only enter the numberStep by Step Solution
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