Bakery - Pierre's Bakery bakes and sells french bread. Each...

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Demand distribution by demand categories Distribution of demand type Demand probability distribution Type of dem probability Demand High Average Low Average 0.45 36 0.05 0.10 0.15 High 0.30 48 0.10 0.20 0.25 Low 0.25 60 0.25 0.30 0.35 72 0.30 0.25 0.15 84 0.20 0.10 0.05 96 0.10 0.05 0.05 Pierre's Bakery bakes and sells french bread. Each morning, the bakery satisfies the demand for the day using freshly baked bread.Pierre's can bake the bread only in batches of a dozen loaves each. From past observations, the firm obtained the probability distribution with respect to loaves and three demand levels; high, average and low. The probabilities are given below. Each loaf costs $8 to make and it sells $12 for each. It wants to determine the daily production size.
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Demand distribution by demand categories Cummulative distribution Demand probability distribution Demand probability dis Demand High Average Low Demand High Average 36 0.05 0.10 0.15 36 0.05 0.10 48 0.10 0.20 0.25 48 0.15 0.30 60 0.25 0.30 0.35 60 0.40 0.60 72 0.30 0.25 0.15 72 0.70 0.85 84 0.20 0.10 0.05 84 0.90 0.95 96 0.10 0.05 0.05 96 1.00 1.00 Distribution of demand type Type of demand probability cumm. dist. Intervals Price
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Bakery - Pierre's Bakery bakes and sells french bread. Each...

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