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15.15 The Gilbert Air Conditioning Company is considering purchase of a special shipment of portable air conditioners from China. Each unit will cost Gilbert $80
15.15 The Gilbert Air Conditioning Company is considering purchase of a special shipment of portable air conditioners from China. Each unit will cost Gilbert $80 and be sold for $125. Gilber does not want to carry over surplus air conditioners to the following year. Thus, all surplus units will be sold to a wholesaler who has agreed to take them for $50 per unit. Give the probability distribution for air conditioners shown below, recommend an order quantity and the anticipated profit using expected 0 1 2 3 4 value analysis: Demand Estimated Probability 0.30 0.35 0.20 0.10 0.05
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