A company needs to order raw material and demand is forecast to be normally distributed with a mean of 250 gallons and standard deviation of 100 gallons. One gallon of raw material produces one gallon of product and the product sells for $25/gallon. Raw material costs $10/gallon but the company must also spend $5/gallon for disposal of any UNUSED raw material. If demand is higher than production capacity, the company sells what it can make and loses the rest of demand. a) How many gallons should be made to maximize expected profit
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The Danes were enjoying prosperity, after having conquered many other tribes through battle, Shield Sheafson as their leader. He is described as a 'scourge of many tribes, / a wreaker of mead-benches, rampaging among foes' (lines 4-5).
Explanation: