Avalon bakery statistics question

Reference no: EM1399859

I don't just want the answer, I need you to show your work so that I know how you got to that conclusion.

Avalon Bakery would like you to recommend how many loaves of its rye bread to bake at the beginning of each day. Each loaf costs the bakery $3.00 and can be sold for $6.00. Leftover loaves at the end of each day are donated to charity. Research has shown the probabilities for demands of 25, 50 and 75 loaves are 35%, 25%, and 40% respectively. Make a recommendation for the number of loaves Avalon should bake.

Reference no: EM1399859

Questions Cloud

Which of the following mechanisms of disease : which of the following mechanisms of disease.

Which of the following is true of cd4+ lymphocytes : Which of the following is true of CD4+ lymphocytes.

Determine upper and lower limits for mean and range charts : Checkout time at a supermarket is monitored using a mean and a range chart. Six samples of n = 20 observations have been obtained and the sample means and ranges computed:

Which of the following is true for natural killer cells : Which of the following is true for natural killer cells.

Avalon bakery statistics question : Avalon Bakery would like you to recommend how many loaves of its rye bread to bake at the beginning of each day. Each loaf costs the bakery $3.00 and can be sold for $6.00.

Explain how phosphate limiting conditions for photosynthesis : Under phosphate limiting conditions what will be the activation state (i.e. factors that make the enzyme active during the day) of RubisCO considering feedbacks from the light reactions of photosynthesis?

Probability for colored balls in urn : An urn contains 8 green balls, 5 red balls, and 7 white balls. How many ways are there to draw a green ball or a red ball?

Determine 95 percent limits : After a number of complaints about its directory assistance, a telephone company examined samples of calls to determine the frequency of wrong numbers given to callers. Each sample consisted of 116 calls.

Expected return on a stock purchase : An investor estimates that there is a 1 in 10 chance that a stock purchase will lose 20% of its value, a 2 in 10 chance it will break even, a 4 in 10 chance it will gain 15% and 3 in 10 chance it will gain 30%. What is the expected return.

User Account

All Pages