Review problems for Exam 1

An oyster bar buys fresh oysters for $3 per pound and sells them for $10 per pound. Unsold oyster at the end of the day is sold to a grocery store for $1.20 per pound. Determine the pounds of oysters that must be ordered each day if the daily demand follows normal distribution with mean of 150 pounds and standard deviation of 12 pounds. ................
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