Question: Question 5. (6 + 2 + 4 + 4 + 4 = 20 Marks) A bakery bakes fresh bread every day which costs 51.5 (per

Question 5. (6 + 2 + 4 + 4 + 4 = 20 Marks) A bakery bakes fresh bread every day which costs 51.5 (per loaf) and sells them for $2.5 (per loaf). They bake batches of 15. Any unsold bread can be sold for 20 cents to a charity at the end of the day. (a) For each baking and demand option provided in the below table, calculate the profit and loss. Probability 9 15 (1 batch) 30 (2 batches) 45 (3 batches) (b) Suggest how many batches they should bake to maximise profit based on the Maximin criterion. Show your workings

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