Question: Can I get some help on this problem please? Lakeside Bakery bakes fresh pies every morning. The daily demand for its apple pies is a

Can I get some help on this problem please?
Lakeside Bakery bakes fresh pies every morning. The daily demand for its apple pies is a random variable with discrete) distribution, based on past experience, given by Demand Probability 5 10% 10 20% 12 22% 18 18% 22 12% 26 18% Each apple pie costs the bakery $10.50 to make and is sold for $27. Unsold apple pies at the end of the day are purchased by a nearby soup kitchen for 90 cents each. Assume no goodwill cost. a. If the company decided to bake 10 apple pies each day, what would be their expected profit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected profit b. Based on the demand distribution above, how many apple pies should the company bake each day to maximize its expected profit? Number of apple piesStep by Step Solution
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