Tees R Us, which manufactures and sells T-shirts for sporting events, is providing shirts for an upcoming tournament.

Each shirt will cost $10 to produce and will be sold for $16.

Any unsold shirts left over at the end of the tournament can be sold for $5 apiece in the near future. Tees R Us assumes the demand for the shirts will be 1,000, 2,000, 3,000, or 4,000. The company also estimates that the probabilities of each of these sales level occurring will be 15%, 25%, 30%, and 30%, respectively. Determine the expected monetary value of the project if Tees R Us chooses to print 3,000 shirts for the tournament.

AppendixLO1