Question: You are facing an uncertain demand for your perishable product. You think that demand will have a mean/median of 1200 . The product costs you

You are facing an uncertain demand for your perishable product. You

You are facing an uncertain demand for your perishable product. You think that demand will have a mean/median of 1200 . The product costs you $13 to make and sells for $50, and any leftovers must be discarded. Should you make more or less than 1200 items to sell, in order to maximize expected profit? Less than 1200 Exactly 1200 More than 1200

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