Assignment:
Amazing Bakers sells bread to 40 supermarkets. It costs Amazing $1,250 per day to operate its plant. The profit per loaf of bread sold in the supermarket is $.025. Any unsold bread is returned to the Amazing Thrift Store to be sold at a loss of $.015.
a. If sales follow a normal distribution with µ = 70,000 and = 5,000 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 $.03 and the loss per loaf bread returned is $.018. If µ = 60,000 and = 4,000 per day, how many loaves should Amazing bake daily