Amazing Bakers sells bread to 40 supermarkets.It costs Amazing $1250 per day to operate its plant.The profit per loaf of bread sold in the supermarket is $0.025.Any unsold bread is returned to Amazing to be sold at a loss of $0.015.
a.If sales follow a normal distribution with μ = 70,000 and σ = 5000 per day,how many loaves should Amazing bake daily?
b.Amazing is considering a different sales plan for which the profit per loaf of bread sold in the supermarket is $0.03 and the loss per loaf of bread returned is $0.018.If μ = 60,000 and σ = 4000 per day,how many loaves should Amazing bake daily?

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The Answer of Amazing Bakers sells bread to 40 supermarkets.It costs Amazing $1250 per day to operate its plant.The profit per loaf of bread sold in the supermarket is $0.025.Any unsold bread is returned to Amazing to be sold at a loss of $0.015.
a.If sales follow a normal distribution with μ = 70,000 and σ = 5000 per day,how many loaves should Amazing bake daily?
b.Amazing is considering a different sales plan for which the profit per loaf of bread sold in the supermarket is $0.03 and the loss per loaf of bread returned is $0.018.If μ = 60,000 and σ = 4000 per day,how many loaves should Amazing bake daily?

Amazing Bakers Sells Bread to 40 Supermarkets