Question: Please show work on this problem and help me understand the solution. I have seen other pages on this question that do not give full

Please show work on this problem and help me understand the solution. I have seen other pages on this question that do not give full explanation.

Please show work on this problem and help me

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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