A civic organization cooks and serves pancakes once a year as a fundraiser and has done so for the past 25 years.The pancake grill size requires pancakes to be cooked in advance of the orders for them.All labor is donated,but the electricity and pancake supplies cost $0.20 per pancake.Each pancake sells for $0.60.From past records it appears that the distribution of pancake sales is approximately normal with a mean of 3000 and a standard deviation of 450.Cooked,but unsold pancakes are given to anyone who wishes to take them.Find the number of cooked pancakes that will yield the maximum profit for the project.
____________________ pancakes
Remove all commas from your answer before submitting.
Correct Answer:
Verified
Q19: Decisions can never be made without the
Q20: Which of the following represents behavior of
Q21: Economy
An investor has constructed the following
Q22: State of Nature
The following table displays
Q23: The expected value of perfect information is
Q25: State of Nature
The following table displays
Q26: When Jessica takes the direct route to
Q27: Scenario
A company must decide whether or not
Q28: What is the most the firm would
Q29: The manager of a grocery store pays
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents