Question: Demand for rug - cleaning machines at Clyde s U - Rent - It is shown in the following table. Machines are rented by the

Demand for rug-cleaning machines at Clydes U-Rent-It is shown in the following table. Machines are rented by the day only. Profit on the rug cleaners is $20 per day. Clyde has 3 of the rug-cleaning machines.
Demand Frequency
0.30
1.20
2.20
3.15
4.10
5.05
1.00
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a. Assuming that Clydes stocking decision is optimal, what is the implied range of excess cost per machine?

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