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35% Items 52 and 53 are based on the following information The Theatre Club plans to sell popcorn at an outdoor movie event. The frequency
35% Items 52 and 53 are based on the following information The Theatre Club plans to sell popcorn at an outdoor movie event. The frequency distribution of the demand for popcorn per day is presented below: Unit sales volume Probability 1,400 5% 2.900 10% 4,400 5,800 30% 7,200 The popcorn is sold for Php45.00 and the cost per box is Php11.25. Any unsold box is discarded because it will spoil before the next event. 52. What is the estimated demand for popcorn at the next outdoor movie event using an expected value approach? A. 3,300 units C. 5,080 units B.4,400 units D. 7,910 units 20% 53. In relation to the previous item, what is the estimated demand using a deterministic approach based on the most likely outcome? A. 3,300 units C. 5,080 units B.4,400 units D. 7,910 units
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