Cynthia knottrsquos oyster bar buy fresh louisiana oysters, Ask an Expert

Management Studies

Cynthia Knott’s oyster bar buy fresh Louisiana oysters for $3 per point 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 $2 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 17 pounds. How many pounds should she order each day? Refer to the standard normal table for z-values.

Cynthia should order__pounds of oysters each day. (Round your response to one decimal place).

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91898512

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