Question: help please [10 points] Historical demand distribution for a cell phone is given below. Retailers must sell the phone at $300, and they will buy

help please [10 points] Historical demand help please

[10 points] Historical demand distribution for a cell phone is given below. Retailers must sell the phone at $300, and they will buy the phone from the manufacturers for $150. Any unsold phones will be returned to the manufacturer, for which they will be reimbursed $50. Demand Probability 330 0.15 335 0.25 340 0.35 345 0.25 1. Help make retailers the best stocking decision by constructing a table of conditional profits. [4pts] 2. How many phones should they stock for the highest expected profit? [2pts] 3. Manufacturer offers its retailers Cassandra Forecasting Service at a price. This service will tell the retailer exactly how much the demand will be. At most, how much should the retailer pay for this service? [4pts]

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