A small-town bakery has shelf space for five pieces of a perishable bread.The unit cost of baking each piece of bread is PhP 87 and it can be sold bythe baker for PhP 142 each. The probabilities for the day's demand inpieces are given below:Demand (x)14f(x)0.150.120.230.190.12However, pieces of bread that were unsold during the day are sold toanother bakery that makes pudding and french toast. This bakery buys thebread for PhP 53 each. But due to its limited capital, this bakery couldpurchase just up to 2 pieces of bread.What is the expected profit if the bakery bakes 3 pieces in a day?

Answered: Image /qna-images/answer/91fdad6c-ad5d-48e2-b975-9c9a2c17c8c3.jpg

Answered: A small-town bakery has shelf space for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The time (in minutes) between telephone calls at an insurance claims office has the exponential probability distribution: f(x)=0.50e-0.50x for x ≥ 0 What is the mean time between telephone calls? What is the probability of 30 seconds or less between telephone calls? What is the probability of 1 minute or less between telephone calls? What is the probability of 5 or more minutes without a telephone call?
1. ABC inc. stock is currently selling for $30, one year from today the stock price can either increase by 20% or decrease by 15%. The probability of an increase in the stock price is equal to 0.3. The one-year risk-free rate is 5% What is the value of a European put that expires in one year with an exercise price of $24. 2. Graphically, show the value and the profit and loss of the following butterfly position: Long in a call with an exercise price of $30, short in 2 calls with an exercise price of $45, and long in a call with an exercise price of 60. All calls are written on the same stock and have the same maturity. 3. "Early exercise of an American option on a stock that does not pay any dividend is not optimal regardless of whether the option is a Call or a Put". True, False, or Uncertain. Explain.
Two geysers that are near to each other are labelled as Geyser A and Geyser B. The time between eruptions for a given geyser follows an exponential distribution. The eruption times of the two geysers are independent of one another. The mean amount of time between eruptions of Geyser A is 39 minutes, and the mean amount of time between eruptions of Geyser B is 66 minutes. Given that exactly one of the geysers erupts within the next 49 minutes, determine the probability that it will be Geyser A. O 0.6654 0.7850 O 0.7252 O 0.6953 O 0.7551
A mail order company has an 8% success rate. If it mails advertisements to 502 people, find the probability of getting less than 34 sales. Round z -value calculations to 2 decimal places and final answer to at least 4 decimal places. P(X<34)=
For each probability and percentile problem, draw the picture.Suppose that the length of long distance phone calls, measured in minutes, is known to have an exponential distribution with the average length of a call equal to 12 minutes. Part (g) Find the probability that a phone call lasts less than 13 minutes. (Round your answer to four decimal places.) Part (h) Find the probability that a phone call lasts more than 13 minutes. (Round your answer to four decimal places.) Part (i) Find the probability that a phone call lasts between 9 and 13 minutes. (Round your answer to four decimal places.)
Jack has just been given a ten-question multiple choice quiz in history class. Each question has five answers, of which only one is correct. Since Jack has not attended class recently, he does not know any of the answers. Assuming Jack guesses randomly on all ten questions, find the probability that he will answer six or more of the questions correctly and avoid an F.
Charlie is about to take two laps in the school swimming pool. The time of his first lap is X minutes, where X is an Exponential(1) random variable. The time of his second lap is Y minutes, where Y is an Exponential(X) random variable. What is the probability that he completes his second lap within one minute?

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS