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The Chill Delights Ice Cream Stand (CDICS) is preparing to serve ice cream to its customers. They estimate the demand for ice cream cones next
The Chill Delights Ice Cream Stand (CDICS) is preparing to serve ice cream to its customers. They estimate the demand for ice cream cones next weekend to follow a normal distribution with a mean of 300 cones and a standard deviation of 50 cones. CDICS needs to order ice cream cones in advance for $3 per cone. They sell each cone for $5. If there are unsold cones at the end of the day, the ice cream supplier will purchase them back for $1 per cone, which they will use for their employees. How many ice cream cones should CDICS order to meet demand while minimizing costs
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