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Business, 27.12.2019 02:31 Destinywall

Pizza king's advertising department must determine the price for each pizza sold. pizza king believes that noble greek’s price is a random variable d having the following mass function: p (d = $6) = .25, p (d = $8) = .50, p (d =$10) = .25. if pizza king charges a price p1 and noble greek charges a price p2, pizza king could sell 100 + 25(p2 – p1) pizzas. it costs pizza king $4 to make a pizza. pizza king is considering charging $5, $6, $7, $8, or $9 for a pizza. use each decision criterion of this section to determine the price that pizza king should charge.

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