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Question - Mrs Cookies bakes 90 boxes of cookies for sale every day. The cost of baking a box of cookies is normally distributed with a mean of $25 and a standard deviation of 4.6. Each box sells for $85.
The expected demand typically varies between 85 and 97 boxes of cookies per day. Any leftover cookies at the end of the day are donated to a food-bank.
Identify the best quantity to bake per day using a simulation with 200 trials and compute summary statistics to analyse this best quantity to bake and explain the results.
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