Business, 04.04.2020 04:33 Pizzapegasus1

Jerry sells ice cream at the local park. Every day, he needs to decide how many ice cream cones to bring with him. After some calculations, he found that to maximize his daily expected profit, he would need to bring 240 cones with him. This corresponds to a critical ratio of 0.85.
However, Jerry is also mindful that the local community depends on him for refreshments, so he wants to ensure a service level of at least 70%.
How many cones should he bring with him?

a) 240.
b) More than 240
c) Fewer than 240.
d) Cannot be determined.

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Jerry sells ice cream at the local park. Every day, he needs to decide how many ice cream cones to b...

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