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The owner of a bakery shop knows that the amount of bread rolls sold per day is normally distributed, with a mean of 180 rolls
The owner of a bakery shop knows that the amount of bread rolls sold per day is normally distributed, |
with a mean of 180 rolls and a standard deviation of 47 rolls. |
a) To break even, the owner must sell more than 78 rolls. What is the probability that on any given |
day, the owner will break even? |
b) How many rolls should the owner bake if the probability of running short on any given day is to be |
no more than 5% ? |
c) To save money, the owner buys enough ingredients to make 4900 rolls in the next 29 days. What is the |
probability that he will sell all the rolls? |
Hint: Determine the average number of rolls he must sell per day. |
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