Question

The Office of Tourism (Problem 18) has decided to heavily promote local events this year and anticipates more tourists this season. Sue has changed the probability of selling different quantities of calendars as shown. Given the new probabilities, determine how many calendars Sue should order to maximize expected profits.
Demand for Calendars ..... Probability of Demand
75,000 .............. 0.05
80,000 .............. 0.20
85,000 .............. 0.25
90,000 .............. 0.30
95,000 .............. 0.20



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  • CreatedJuly 11, 2014
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