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Author Question: Amazing Bakers sells bread to 40 supermarkets. It costs Amazing 1,250 per day to operate its plant. ... (Read 124 times)

mwit1967

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on: Jun 24, 2018
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  = 70,000 and  = 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  = 60,000 and  = 4,000 per day, how many loaves should Amazing bake daily?

Question 2

To compute the probability that in a random sample of n elements, selected without replacement, we will obtain x successes, we would use the
 a. binomial probability distribution.
  b. Poisson probability distribution.
  c. hypergeometric probability distribution.
   d. exponential probability distribution.


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ambernicolefink

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 71,600 loaves
b. 61,280 loaves

Answer to Question 2

c


mwit1967

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

at

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Reply 3 on: Yesterday
Wow, this really help

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