YMBakery, the daily demand for bread is 100 loaves with probability 0.2, 120 loaves with probability 0.5, and 140 loaves with probability 0.3. YMBakery buys each loaf at $0.6 and sells it at $1.3. At the end of the day, all remaining bread will be sold to a brewery at $0.1 per loaf. YMBakery can choose to buy 110 or 130 loaves every day. Which is an alte

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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8.

In YMBakery, the daily demand for bread is 100 loaves with probability 0.2, 120 loaves with probability 0.5, and 140 loaves with probability 0.3. YMBakery buys each loaf at $0.6 and sells it at $1.3. At the end of the day, all remaining bread will be sold to a brewery at $0.1 per loaf. YMBakery can choose to buy 110 or 130 loaves every day. Which is an alternative?

a. $0.6

b. A demand for 140 loaves

c. $1.3

d. Buy 130 loaves

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