Question: please give complete solution 2. A baker is trying to figure out how many dozens of bagels to bake each day. The probability distribution of


please give complete solution
2. A baker is trying to figure out how many dozens of bagels to bake each day. The probability distribution of the number of bagel customers is as follows: Number of Customers/Day 8 10 12 Probability 0.35 0.30 0.25 14 0.10 Customers order 1, 2, 3, or 4 dozen bagels according to the following probability distribution. Number of Dozen Ordered/Customer Probability 1 2 3 4 0.4 0.3 0.2 0.1 Bagels sell for $5.40 per dozen. They cost $3.80 per dozen to make. All bagels not sold at the end of the day are sold at half-price to a local grocery store. Based on 5 days of simulation, how many dozen bagels should be baked each day? Simulate for initial quantity of 30Step by Step Solution
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