Question: Question 43 2 2p The next two questions are based on the following scenario. A hot dog vendor must decide on Monday how many hot

Question 43 2 2p The next two questions are based
Question 43 2 2p The next two questions are based on the following scenario. A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game. Each hot dog costs the vendor $3.00 and is sold for $5.00. After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75. The vendor believes that the demand for hot dogs follows the probability distribution shown below: Demand for Hot Dogs Probability 1000 0,30 1500 0.20 2000 0.30 2500 0.15 3000 0.05 The vendor's cost of underestimating demand, C., is O $3.00 O $3.25 O $2.00 O $1.75

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