subject
Business, 23.11.2019 00:31 yasarhan2

Lakeside bakery bakes fresh pies every morning. the daily demand for its apple pies is a random variable with (discrete) distribution, based on past experience, given by demand probability 5 10% 10 20% 15 25% 20 25% 25 15% 30 5% each apple pie costs the bakery $6.75 to make and is sold for $17.99. unsold apple pies at the end of the day are purchased by a nearby soup kitchen for 99 cents each. assume no goodwill cost. a. if the company decided to bake 15 apple pies each day, what would be its expected profit? b. based on the demand distribution above, how many apple pies should the company bake each day to maximize its expected profit?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 04:50
Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65
Answers: 3
question
Business, 22.06.2019 09:30
Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false
Answers: 1
question
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 3
question
Business, 22.06.2019 17:30
What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
Answers: 1
You know the right answer?
Lakeside bakery bakes fresh pies every morning. the daily demand for its apple pies is a random vari...
Questions
Questions on the website: 13722359