Question
A bakery would like you to recommend how many loaves of its famous marble rye bread to bake at the beginning of the day. Each
A bakery would like you to recommend how many loaves of its famous marble rye bread to bake at the beginning of the day. Each loaf costs the bakery
$2.00
and can be sold for
$7.00.
Leftover loaves at the end of each day are donated to charity. Research has shown that the probabilities for demands of 25, 50, and 75 loaves are
30%,
20%,
and
50%,
respectively. Make a recommendation for the bakery to bake 25, 50, or 75 loaves each morning.
Find the expected monetary value when baking 25 loaves.
EMV=$125125
(Type an integer or a decimal.)
Find the expected monetary value when baking 50 loaves.
EMV=$197.50197.50
(Type an integer or a decimal.)
Find the expected monetary value when baking 75 loaves.
EMV=$enter your response here
(Type an integer or a decimal.)
please give me explanation for answers?
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