How many pounds should she order each day

Assignment Help Business Management
Reference no: EM131259818

Cynthia Knott's oyster bar buys fresh Louisiana oysters for $5 per pound 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 15 pounds. How many pounds should she order each day?

Reference no: EM131259818

Questions Cloud

What is the rop for a service level : For a 90% service level, what is the ROP? -  What is the ROP for a 95% service level? -  Explain what these two service levels mean. Which is preferable.
What are the breakeven units per product : Lululemon makes two types of yoga mats. Data for the company’s activities during a typical month are as follows: Lululemon’s fixed costs are $352,500. Lululemon is thinking about of introducing a new mat called the Master Mat which will sell for $75 ..
Write a paper on asian-americans : Write a 700- to 1,050-word paper on Asian-Americans. On many indicators of success, such as income and education, Asian Americans, while a distinct minority, surpass whites in America. Why is this?
What are the total annual holding costs of stock : What is the economic order quantity (EOQ) for Kona coffee beans? -  What are the total annual holding costs of stock for Kona coffee beans?
How many pounds should she order each day : Cynthia believes that demand follows the normal distribution, with a mean of 100 pounds and a standard deviation of 15 pounds. How many pounds should she order each day?
Define typical attacks make reference to corresponding layer : With limited time and resources your manager wants everyone to suggest the structure of a network defense system to protect the computers and the network. Since this is an open discussion if your favorite idea has been discussed "to death" pick th..
Companies recognize revenue for the operations : When should each of the following companies recognize revenue for the following operations? Sam’s Club collects annual membership fees from customers. Wall Street Journal receives advertising revenues in advance from Banco do Brasil, for an ad campai..
What is the optimal stocking level : The cost of baking a cake is $6, and demand is estimated to be normally distributed, with a mean of 25 and a standard deviation of 4. -  What is the optimal stocking level?
Explain the challenges associated with each trend : Evaluate the challenges associated with each trend and ways to overcome them. Leadership, governance, and the role of a healthcare chief information officer (CIO).

Reviews

Write a Review

Business Management Questions & Answers

  Develop and explain an ife bcg matrix and qspm

Develop and explain an IFE, BCG matrix, Grand Strategy Matrix, QSPM. Identify company strengths and weaknesses. Discuss success factors and what the company must do to perform successfully in the industry?

  Ethical consideration

Your assignment # 2 relates to an "Ethical Consideration" from chapter 3 " Decision Making, Problem Solving and Ethics" by Mosley, Pietri and Mosley, designed to reinforce the learning objectives of the course, and in conjunction with the final exam ..

  Good organizational citizenship and whistleblowing1 in what

good organizational citizenship and whistleblowing1. in what ways do you feel good organizational citizens and

  Describes the challenges faced by your organization

Once you have identified such an organization you must write a minimum two page (600 words) paper that specifically describes the challenges faced by your organization. And answer the questions - What are they doing about these challenges

  Case problem julia food booth

Your writeup should introduce your solution to the project by describing the problem. Correctly identify what type of problem this is. For example, you should note if the problem is a maximization or minimization problem, as well as identify the r..

  Explain the role of relationship development

Explain the role of relationship development and management in effective leadership and use the concepts in improving leadership effectiveness.

  Identify two companies to compare in terms of eoc

After reading both of the weekly readings Employer of choice: the new corporate imperative and The Employer of Choice, identify two companies to compare and contrast in terms of EOC

  Cost minimizing level of capital that ?rm

The wage rate for labor is w = 2, the rental rate of capital is r = 1, and the cost of materials is m = 4 per unit. What is the long run cost minimizing level of capital that the ?rm must use to produce a target level of output, Q = 1000?

  How management decisions can impact on efficiency

How management decisions can impact on efficiency and effectiveness and the importance of leading and controlling in times of conflict.

  Loss time injury frequency

Assume that an average employee works 2000 hours per year. If the company has 300 employees and a Loss Time Injury Frequency (LTIF) of 15 Loss Time Injuries (LTIs) per 200,000 hours of exposure, on average, how many employees out of ten will expe..

  What is quick prints optimal order up to level

What is Quick Prints optimal order-up-to level for plain paper if Quick Print operates with a 99 percent in-stock probability?

  Grass roots company

How does a company grow to become an international entity? Identify one international company, trace its roots and explain a success and a challenge it had growing to an international status. Also, create a new product idea of your own and describe h..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd