1321- 4- Prince Sultan University custom designs its varsity hoodies for the senior students every year....
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1321- 4- Prince Sultan University custom designs its varsity hoodies for the senior students every year. Unfortunately, any remaining unsold hoodie at the end of the year is worthless and thrown away. Thus, the number of hoodies to stock every year is a very important decision. The following table reveals the demand for PSU hoodies: Demand for PSU Hoodies Probability 250 0.1 500 0.2 750 0.15 1000 0.25 1250 0.15 1500 0.15 PSU sells each hoodie for 50SR, but the cost is only 10SR. (a) Use marginal analysis to determine how many hoodies should PSU stock. (b) How much should PSU sell the hoodie for if they want to stock 750 hoodies? ou are tasked to determ [1.5pts) [1.5pts) 1321- 4- Prince Sultan University custom designs its varsity hoodies for the senior students every year. Unfortunately, any remaining unsold hoodie at the end of the year is worthless and thrown away. Thus, the number of hoodies to stock every year is a very important decision. The following table reveals the demand for PSU hoodies: Demand for PSU Hoodies Probability 250 0.1 500 0.2 750 0.15 1000 0.25 1250 0.15 1500 0.15 PSU sells each hoodie for 50SR, but the cost is only 10SR. (a) Use marginal analysis to determine how many hoodies should PSU stock. (b) How much should PSU sell the hoodie for if they want to stock 750 hoodies? ou are tasked to determ [1.5pts) [1.5pts)
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