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Spring 2020 4) An organic milk farm located one hour away from the city sells its product traditional way. Its customers are high-end restaurants located

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Spring 2020 4) An organic milk farm located one hour away from the city sells its product traditional way. Its customers are high-end restaurants located in Manila offer fresh milk to their patrons. The high-end restaurants ne nu restaurants located in Manhattan who 4:00 and 5:00 A.M. (practically, instant demand) to place the Uns. The nigh-end restaurants have a window of one hour Plactically, instant demand) to place their orders so the farm can produce and deliver the milk early in the morning. The prime gallon of milk has a cost of $1.5 and it is sold at a price of of $1.5 and it is sold at a price of $5.2 The farm also produces cheese, butter and other prime dairy produ cose, butter and other prime dairy products, so the farm could use the milk surplus production at a value of $0.65 per gallon. Due to the alue of $0.65 per gallon. Due to the nature of their business the organic milk farm wants to de the organic milk farm wants to determine how many gallons should they P uuce at the start of each day. If the demand for the day can be described as: a) A normal distribution with a mean of 150 gallons and a standard deviation of 20 gallons. Consider an alpha value of 95% b) A discrete pdf, f(D) defined as D F(D) 100 0.1 125 0.15 150 0.5 170 0.2 200 0.05 Spring 2020 4) An organic milk farm located one hour away from the city sells its product traditional way. Its customers are high-end restaurants located in Manila offer fresh milk to their patrons. The high-end restaurants ne nu restaurants located in Manhattan who 4:00 and 5:00 A.M. (practically, instant demand) to place the Uns. The nigh-end restaurants have a window of one hour Plactically, instant demand) to place their orders so the farm can produce and deliver the milk early in the morning. The prime gallon of milk has a cost of $1.5 and it is sold at a price of of $1.5 and it is sold at a price of $5.2 The farm also produces cheese, butter and other prime dairy produ cose, butter and other prime dairy products, so the farm could use the milk surplus production at a value of $0.65 per gallon. Due to the alue of $0.65 per gallon. Due to the nature of their business the organic milk farm wants to de the organic milk farm wants to determine how many gallons should they P uuce at the start of each day. If the demand for the day can be described as: a) A normal distribution with a mean of 150 gallons and a standard deviation of 20 gallons. Consider an alpha value of 95% b) A discrete pdf, f(D) defined as D F(D) 100 0.1 125 0.15 150 0.5 170 0.2 200 0.05

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