Cynthia knotts oyster bar buys fresh louisiana for 4 per, Ask an Expert

Management Studies

Cynthia Knott's oyster bar buys fresh Louisiana for $4 per pound and sells them for $8 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for a $2 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 14 pounds.

How many pounds should she order each day?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91878467

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