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A Las Vegas bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $33 each to make and sell for
A Las Vegas bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $33 each to make and sell for $60 each. Unsold cakes are reduced to half-price on Monday, and typically one-third of those are sold. Any that remain are donated to a nearby senior centre. Analysis of recent demand resulted in the following probability distribution: LO6 Demand 0 1 2 3 Probability 0.15 0.35 0.30 0.20How many cakes should be prepared
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