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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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