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A Las Vegas bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $ 3 3 each to make and
A Las Vegas bakery must decide how many wedding cakes to prepare for
the upcoming weekend. Cakes cost $ each to make and sell for $
each. Unsold cakes are reduced to halfprice on Monday, and typically
onethird of those are sold. Any that remain are donated to a nearby
senior centre. Analysis of recent demand resulted in the following
probability distribution: LO
Demand
Probability
How many cakes should be prepared?
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