What would be the optimal stocking quantity

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A grocery store estimates that it will sell 100 pounds of its specially prepared potatoes salad in the next week. the demand distribution is normally distributed with a standard deviation of 20 pounds. the supermarket can sell the salad for $5.99 per pound. it pays $2.50 per pound for the ingredients. Since no preservatives are used, any unsold salad is given to charity at no cost. What would be the optimal stocking quantity?

Reference no: EM132241355

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What would be the optimal stocking quantity : Since no preservatives are used, any unsold salad is given to charity at no cost. What would be the optimal stocking quantity?

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