Question: . A company makes calendars. Past demand and corresponding probability are given below. Price is $12.95 and Cost is $5. Salvage value is 50 cents

. A company makes calendars. Past demand and corresponding probability are given below. Price is $12.95 and Cost is $5. Salvage value is 50 cents each. Create a payoff table. Calculate expected profit for each strategy. How many should the company make?

Demand	Probability
75,000	0.15
80,000	0.25
85,000	0.30
90,000	0.20
95,000	0.10

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