cakes to bake in the morning to meet the evening (4pm to 9pm)
demand. Table 2.1 gives the probability distribution of the number
of customers that arrive in the morning to the specialist cakeshop
to order chiffon cakes for pickup in the evening. The customers who
order chiffon cakes order either 1, 2, 3, or 4 units. The
probability distribution of customer orders in a day is given in
Table 2.2. One chiffon cake sells at $49 and it costs $27.50 to
make one. A coffee shop that opens till midnight buys all unsold
chiffon cakes from the cake shop at half the cost price.
Simulate FOUR days of chiffon cake business of the cake
shop and give an estimate of the number of chiffon cakes that cake
shop should bake in the morning
- A Specialist Cake Shop Is Trying To Figure Out How Many Chiffon Cakes To Bake In The Morning To Meet The Evening 4pm To 1 (53.67 KiB) Viewed 62 times
that may come on Day 1 and then simulate how many cakes each
customer may order on that day. These should vary when F9 is
pressed
Table 2.1 Number of customers that come in the morning to order chiffon cakes and probability of such occurrence 8 12 14 10 0.40 0.20 0.30 0.10 Table 2.2 Number of chiffon cakes ordered by a customer and probability of such order 1 2 3 4 0.45 0.25 0.20 0.10