Dorothy’s pastries are freshly baked and sold at several specialty shops throughout Perth. When they are a day old, they must be sold at reduced prices. Daily demand is distributed as follows: Demand Probability 50 0.25 150 0.50 200 0.25 Each pastry sells for $1.00 and costs $0.60 to make. Each one not sold at the end of the day can be sold the next day for $0.30 as day-old merchandise. How many pastries should be baked each day?

Dorothy’s pastries are freshly baked and sold at several specialty shops throughout Perth. When they are a day old, they must be sold at reduced prices. Daily demand is distributed as follows: Demand Probability 50 0.25 150 0.50 200 0.25 Each pastry sells for $1.00 and costs $0.60 to make. Each one not sold at the end of the day can be sold the next day for $0.30 as day-old merchandise. How many pastries should be baked each day?

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Description: Dorothy’s pastries are freshly baked and sold at several specialty shops throughout Perth. When they are a day old, they must be sold at reduced prices. Daily demand is distributed as follows: Demand Probability 50 0.25 150

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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