Imagine that you are a retailer who sells a single (fictional) item, the widget. In each round of the game, you order widgets from a supplier at a cost of $6 per unit and sell widgets to your customers at a price of $12 per unit. Your goal is to maximize the total profit you make through all rounds of the game. In each round, widgets must be ordered from the supplier before you know for certain what quantity your customers will demand. You may order widgets in any quantity that is an integer. Once you place your order, the computer randomly selects the demand quantity from a range of 1 to 100 units, with each integer in the range equally likely. That is, there is a 1/100 chance that demand will be 1, a 1/100 chance that demand will be 2, and so on. The demand in any one round is independent of the demand from earlier rounds, so a small or large demand in earlier rounds has no influence on whether demand is small or large in later rounds