Question: QUESTION COMPLETION STATUS: otbox -eck Tool Herencing Tool Question 48 1 points ANSWER Cream Cakes makes and sells cakes daily. Based on past experience the

 QUESTION COMPLETION STATUS: otbox -eck Tool Herencing Tool Question 48 1

QUESTION COMPLETION STATUS: otbox -eck Tool Herencing Tool Question 48 1 points ANSWER Cream Cakes makes and sells cakes daily. Based on past experience the owner has estimated the following probabilities for the daily demand for fresh cream cakes! at bortunities Daily Demand (cakes) 30 40 50 60 70 Probability 0.1 0.2 0.3 0.3 0.1 The cakes cost $12 to make and are sold for $22 per cake. Cream Cakes believes a lot of their success is because they only sell fresh cakes. Any cakes unsold at the end the day is mashed up and sold to the local piggery for $7.00 If the proprietor is an optimist, how much would be ordered daily? O2. 30 cakes per day O b. 40 cakes per day c. 60 cakes per day d. 70 cakes per day

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