Problem:
Cynthia Knott's oyster bar buys fresh Louisiana oysters for $4 per pound and sells them for $8 per pound. Any oysters not sold that day are sold to her cousin, who has a nearby grocery store, for a $2 per pound. Cynthia believes that deman follows the normal distribution, with a mean of 120 pounds and a standard deviation of 19 pounds.
Required:
Question 1) How many pounds should she order each day? Solve the problem and show all work.