Amazing Bakers sells bread to 40 supermarkets. It costs Amazing ...

[mwit1967]

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.

[ambernicolefink]

Answer to Question 1

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

Answer to Question 2

c

[mwit1967]

YES! Correct, THANKS for helping me on my review

[cassie_ragen]

Thanks for the timely response, appreciate it