Business
Business, 15.04.2020 18:45, yessy73

Cynthia Knott's oyster bar buys fresh Louisiana oysters for $5 per pound and sells them for $9 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $3 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 11 pounds. How many pounds should she order each day? Refer to the standard normal table for z-values. Cynthia should order nothing pounds of oysters each day (round your response to one decimal place).

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Cynthia Knott's oyster bar buys fresh Louisiana oysters for $5 per pound and sells them for $9 per p...

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