Famous Albert prides himself on being the Cookie King of the West. Small, freshly Albert has asked for help to determine the number of cookies he should make each day. From an analysis of past demand, he estimates demand for cookies as DEMAND 2,100 dozen 2,300 2,500 2,700 2,900 3,100 3,300 PROBABILITY OF DEMAND 0.03 0.09 0.22 0.28 Each dozen sells for $0.69 ancosts $0.50, which includes handling and transportation. Cookies that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. 0.14 0.04 0.20 a. Compute the expected profit or loss for each cookie making decision quantity. Note: Round your answer to the nearest whole number. Enter expected losses with a negative sign. Answer is complete but not entirely correct. Expected Profit or Loss Cookies Baked (Dozen) 2,100 2,300 2,500 Probability of Demand 0.03 0.09 0.22 S 63 X 207 X 550 X

Famous Albert prides himself on being the Cookie King of the West. Smis make each day. From an analysis of past demand, he Albert has asked for help to determine the number of cookies he should make estimates demand for cookies as Each dozen sells for \$0.69 anchosts \$0.50, which includes handling and transportation. Cookies that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decision quantity. Note: Round your answer to the nearest whole number. Enter expected losses with a negative sign. rect