Answer Happy

Henrique Correa's bakery prepares all its cakes between 4 AM and 6 AM so they will be fresh when customers arrive Day-old cakes are virtually always sold, but at a 50% discount off the regular $10 price. The cost of baking a cake is $7, and demand is estimated to be normally distributed, with a mean of 20 and a standard deviation of 5. What is the optimal stocking level? Refer to the standard normal table for z-values The optimal stocking level for the bakery is cakes (round your response to the nearest whole number).
- X Standard Normal Table 2 WNA OOOOooood 0.6 0.9 The table below shows the total area under the normal curve for a point that is Z standard deviations to the right of the mean. z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.0 0.5000 0.5040 0.5080 0.5120 0.5160 0.5199 0.5239 0.5279 0.5319 0.5359 0.1 0.5398 0.5438 0.5478 0.5517 0.5557 0.5596 0.5636 0.5675 0.5714 0.5754 0.2 0.5793 0.5832 0.58710.5910 0.5948 0.59870.6026 0.60640,61030.6141 0.3 0.61790.62170.6255 0.6293 0.6331 0.6368 0.6406 0.6443 0.6480 0.6517 0.4 0.6554 0.6591 0.6628 0.66640.6700 0.6736 0.6772 0.6808 0.6844 0.6879 0.5 0.6915 0.6950 0.6985 0.7019 0.7054 0.7088 0.7123 0.7157 0.7190 0.7224 0.7258 0.7291 0.7324 0.7357 0.7389 0.7422 0.7454 0.7486 0.75180.7549 0.7 0.7580 0.7612 0.76420.7673 | 0.77040.77340.7764 0.77940.78230.7852 0.8 0.7881 0.7910 0.7939 0.79670.7996 0.8023 0.8051 0.8079 0.8106 0.8133 0.81590.8186 0.8212 0.8238 0.8264 0.8289 0.8315 0.8340 0.8365 0.8389 1.0 0.84130.8438 0.8461 0.8485 0.8508 0.8531 0.85540.85770.8599 0.8621 1.1 0.86430.8665 0.8686 0.8708 0.8729 0.87490.8770 0.8790 0.8810 0.8830 1.2 0.8849 0.8869 0.8888 0.89070.8925 0.8944 0.89620.89800.8997 0.9015 1.3 0.9032 0.9049 0.9066 0.9082 0.9099 0.9115 0.9131 0.91470.9162 0.9177 0.9192 0.9207 0.9222 0.9236 0.9251 0.9265 0.9279 0.9292 0.9306 0.9319 1.6 0.9332 0.9345 0.9357 0.93700.9382 0.9394 0,94060.94180.9430 0.9441 1.6 0.9452 0.9463 0.9474 0.9485 0.9495 0.9505 0.9515 0.9525 0.9536 0.9545 0.9554 0.9564 0.9573 0.9582 0.9591 0.9599 0.9608 0.9616 0.9625 0.9633 1.8 0.96410.9649 0.9656 0.9664 0.9671 0.9678 0.96860.9693 0.9700 0.9706 1.9 0.97130.9719 0.9726 0.9732 0.9738 0.9744 0.9750 0.97560.97620.9767 2.0 0.97730.9778 0.9783 0.9788 0.9793 0.9798 0.98030.9808 0.98120.9817 2.1 0.98210.9826 0.9830 0.98340.9838 0.98420.9846 0.9850 0.9854 0.9857 2.2 0.9861 0.9865 0.9868 0.98710.98750.9878 0.98810.9884 0.9887 0.9890 2.3 0.9893 0.9896 0.9898 0.9901 0.99040.9906 0.9909 0.99110.9913 0.9916 2.4 0.9918 0.99200.9922 0.9925 0.99270.9929 0.9931 0.9932 0.9934 0.9936 2.5 0.9938 0.9940 0.9941 0.9943 0.9945 0.9946 0.9948 0.9949 0.9951 0.9952 2.6 0.9953 0.9955 0.9956 0.9957 0.99590.9960 0.99610.99620.9963 0.9964 2.7 0.9965 0.9966 0.9967 0.9968 0.9969 0.9970 0.9971 0.9972 0.9973 0.9974 2.8 0.9974 0.9975 0.99760.9977 0.9977 0.9978 0.9979 0.99800.99800.9981 2.9 0.99810.9982 0.9983 0.9983 0.99840.99840.9985 0.9985 0.9986 0.9986 3.0 0.99870.9987 0.9987 0.9988 0.9988 0.9989 0.9990 0.9989 0.9990 0.9990 1.4 1.7 NNNNNNNNN ONION