Q12

Cynthia Knott's oyster bar buys fresh Louisiana oysters for $3 per pound and sells them for $8 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $2 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 10 pounds. How many pounds should she order each day? Refer to the standard normal table for Z-values. Cynthia should order pounds of oysters each day (round your response to one decimal place)