Question: Suppose the Shelly Group (from problem 1) has identied two possible demand levels for copies per month: COPIES (PER MONTH) PROBABILITY 5,000.......... 50% 10,000........... 50%

Suppose the Shelly Group (from problem 1) has identiﬁed two possible demand levels for copies per month:

COPIES (PER MONTH) PROBABILITY
5,000.......... 50%
10,000........... 50%
What is the expected cost, given the fixed and variable costs in problem 1?

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