question archive Ford makes toy cars and estimates that the daily demand for toy cars is normally distributed with mean 50 and standard deviation 20
Ford makes toy cars and estimates that the daily demand for toy cars is normally distributed with mean 50 and standard deviation 20
Subject:ManagementPrice: Bought3
Ford makes toy cars and estimates that the daily demand for toy cars
is normally distributed with mean 50 and standard deviation 20. Each day, Ford's cost to build a car is $5. Each car sells for $15. How many toy cars should Ford make to maximize expected profits per day?
