Cynthia Knott’s oyster bar buys fresh Louisiana oysters for $4 per pound and sells

Question: Cynthia Knott’s oyster bar buys fresh Louisiana oysters for $4 per pound and sells them for $10 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $3 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 120 pounds and a standard deviation of 15 pounds. How many pounds should
Show transcribed image textCost of real Utilization (Co)=9-3=6 Cost of underneath utilization(Cu)=3-2=1 as a r…View the full answerTranscribed image text: Cynthia Knott’s oyster bar buys fresh Louisiana oysters for $4 per pound and sells them for $10 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for $3 per pound. Cynthia believes that demand follows the normal distribution, with a mean of 120 pounds and a standard deviation of 15 pounds. How many pounds should she order each day? Refer to the standard normal table for z-values. Cynthia should order pounds of oysters each day (round your response to one decimal place).