2.7 You work as a manager for the only country club in Carrollton, Georgia. The club has 400 members, each with an identical demand for golf given by QD = 100 - P, where P is the price per round and Q is the number of rounds. The marginal cost of a round of golf is random. The probability of MC = $15 is onehalf, while the probability of MC = $25 is also one-half. The club has no fixed costs.

If you maximize expected profit, how much should the club charge for a round of golf?

What is the expected number of rounds played?