Question: a) (10 Points) The McCormick Hardware Store places one order for riding lawn mowers each February. The lawn mowers being purchased this year cost $300

a) (10 Points) The McCormick Hardware Store
a) (10 Points) The McCormick Hardware Store
a) (10 Points) The McCormick Hardware Store places one order for riding lawn mowers each February. The lawn mowers being purchased this year cost $300 and sell for $425. In the past, McCormick has always been able to sell all its surplus mowers during the September "end-of-summer" sale. The sales price for any surplus mowers this year is $250. If the following probability distribution for demand is assumed, how many mowers should be ordered? (b) (10 points) What is McCormick's expected profit if they order 4 mowers

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