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A factory has produced a total of 32,000 cellphone cases. There are 3 scenarios for their demand and another 3 for their unit sale price
A factory has produced a total of 32,000 cellphone cases. There are 3 scenarios for their demand and another 3 for their unit sale price as shown below. Remaining (unsold) units have to be heavily discounted making a profit of only $2.30 each. Determine the probability that they will make a total profit larger than $300,000.
Units sold # | Probability for units sold | Profit $/unit | Probability for profit $/unit |
10,000 | 0.20 | 13.50 | 0.15 |
15,000 | 0.45 | 19.50 | 0.55 |
20,000 | 0.35 | 28.50 | 0.30 |
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