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Optimal number of wedding cakes to stock on the weekend

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Reference no: EM132174057

A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $55 each to make and they sell for $69 each. The price of leftover wedding cakes is reduced by 50% on Mondays to clear out inventory. Demand for the weekend is normally distributed with a mean of 100 and a standard deviation of 10. What is the optimal number of wedding cakes to stock on the weekend?

Reference no: EM132174057

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