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1) (12.5 pts) An ice cream shop orders cornets for summer period in June. The cornets will sell for $6. The best estimate for demand

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1) (12.5 pts) An ice cream shop orders cornets for summer period in June. The cornets will sell for $6. The best estimate for demand is: Demand Probability 6000 0.30 7000 0.15 8000 0.05 9000 0.10 10000 11000 0.25 The cornets cost $2 when ordered in May. Cornets unsold are marked down to $3.5 and always sell during July. How many cornets should be ordered? 0.15

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