Question: I need to fill out the Optimal Stocking Quantity (In units), Expected Profit (In $) and Expected Shortage (In Boxes) for the question above. I

I need to fill out the Optimal Stocking Quantity (In units), Expected Profit (In $) and Expected Shortage (In Boxes) for the question above. I do not know how to solve for it and it would be appreciated!
Please show all answers using the 2 decimal places convention (do NOT round an intermediate or final answer to a whole number). Remember to show all work leading to the final answer. Question 1 (Empirical Demand Distribution) The Supermarket Store is about to place an order for Halloween candy. One best-selling brand of candy can be purchased for $2.50 per box before and up to Halloween. After Halloween, all the remaining candy can be marked down and sold for $1.00 per box. Assume that the loss in goodwill "cost" stemming from customers whose demand is not satisfied is $0.35. Three potential sales prices and their associated empirical probability demand distributions are as follows. SalesPrice$7.50Empiricaldemanddistribution.SalesPrice$8.50Empiricaldemanddistribution.SalesPrice$9.50Empiricaldemanddistribution. You are required to evaluate each sales price by completing the table below
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
