What is optimal stocking? level

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Henrique? Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.? Day-old cakes are virtually always? sold, but at a? 50% discount off the regular ?$8 price. The cost of baking a cake is ?$5?, and demand is estimated to be normally? distributed, with a mean of 20 and a standard deviation of 7. What is the optimal stocking? level? Refer to the standard normal table LOADING... for? z-values. The optimal stocking level for the bakery is nothing cakes ?(round your response to the nearest whole? number).

Reference no: EM132224498

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