As a fund-raiser for a student organization, some students have decided to sell individual pizzas outside the Union on Friday. Each pizza will sell for $1.75 and costs the organization$.77. Historical sales indicated that between 55 and 60 dozen pizzas will be sold with the probability distribution given below:

Dozens of pizzas 55, 56, 57, 58, 59, and 60: Probability 0.15, 0.20, 0.10, 0.35, 0.15 and 0.05: To maximize the profit contribution, how many pizzas should be ordered? Assume pizzas must be ordered by the dozen. What is the maximum amount the organization would be willing to pay for perfect information?