Question: Please do fast Moving to another question will save this response. Question 71 of 75 Question 71 1 points Cream Cakes makes and sells cakes

Please do fast

Moving to another question will save this response. Question 71 of 75 Question 71 1 points Cream Cakes makes and sells cakes daily. Based on past experience the owner has estimated the following probabilities for the daily demand for fresh cream cakes: Daily Demand (cakes) Probability 60 2 The cakes cost $12 to make and are sold for $22 per cake. Cream Cakes believes a lot of their success is because they only sell fresh cakes. Any cakes unsold at the end of the day is mashed up and sold to the local piggery for $7.00 Given the probability estimates of demand, if the proprietor's objective is to maximise expected daily profit from the sale of cakes, how many cakes would be ordered daily

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