Multiple Choice
A bakery must decide how many loaves of fresh bread to produce in a single day. Daily demand for fresh bread is normally distributed with a mean of 70 loaves and standard deviation of 18. If the marginal loss is $2 and the marginal profit is $1, how much bread should the bakery produce in a single day?
A) 88
B) 52
C) 63
D) 78
E) 70
Correct Answer:
Verified
Correct Answer:
Verified
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