Question: please include steps and formulas used to acquire the answer Simulation: 4. A florist is trying to decide how many bouquets of fresh flowers to

please include steps and formulas used to acquire

please include steps and formulas used to acquire the answer

Simulation: 4. A florist is trying to decide how many bouquets of fresh flowers to cut for each day. Any flowers cut and not sold during the day are thrown away. The variable cost of growing and cutting flowers is $4 per bouquet, and the price is $6 per bouquet. The following demand distribution has been observed in the past: Number of Bouquets 45 50 55 60 65 Probability . 1 2 4 2 The florist would like to evaluate policies of cutting 55 and 60 bouquets each day. a. Simulate each policy for 20 days. b. Which policy maximizes profit

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