Amazing Bakers Sells Bread to 40 Supermarkets

question 58

Essay

Amazing Bakers sells bread to 40 supermarkets. It costs Amazing $1,250 per day to operate its plant. The profit per loaf of bread sold in the supermarket is $.025. Any unsold bread is returned to the Amazing Thrift Store to be sold at a loss of $.015.
a.If sales follow a normal distribution with μ = 70,000 and σ = 5,000 per day, how many loaves should Amazing bake daily?
b.Amazing is considering a different sales plan for which the profit per loaf of bread sold in the supermarket is $.03 and the loss per loaf bread returned is $.018. If μ = 60,000 and σ = 4,000 per day, how many loaves should Amazing bake daily?

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Definitions:

Cueing

The process of prompting or signaling to elicit a specific response or action; often used in memory recall and learning strategies.

Short-Term Memory

The part of memory where small amounts of information can be kept for a short period of time, typically several seconds to a minute.

Verbal Messages

The conveyance of information or ideas through spoken or written words, fundamental in communication processes.

Secondary Memory

A stage of memory where information is stored for extended periods, allowing for recall long after the information was originally learned.