Business, 20.12.2019 00:31 wbrandi118
Demand for devil’s food whipped-cream layer cake at a local pastry shop can be approximated using a poisson distribution with a mean of 7 per day. the manager estimates it costs $11 to prepare each cake. fresh cakes sell for $16. day-old cakes sell for $10 each. what stocking level is appropriate if one-half of the day-old cakes are sold and the rest thrown out?
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