Question: Please answer this question thoroughly and clearly. Please do not copy paste other answers found on Chegg. 2. A company makes calendars. Past demand and

Please answer this question thoroughly and clearly. Please do not copy paste other answers found on Chegg.

Please answer this question thoroughly and

2. 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. Calculate expected profit for each strategy. How many should the store make? Demand Probability 75,000 0.15 80,000 0.25 85,000 0.30 90,000 10.20 95,000 10.10

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