L W File C AutoSave Off Home Insert Draw NBS-5102A-AUG-ODR-V2 V O Search (Alt+Q) References Mailings Review View Help Design Layout X Arial 12 A A Aa A E - E a v Paste B I U ab- X x A D A Undo Clipboard Page 5 of 12 2404 words 23C Raining now DX Font Text Predictions: On Accessibility: Investigate Alwin Jacob AJ Comments Share Find A Normal No Spacing Heading 1 Heading 2 Replace Dictate Sensitivity Editor Select Paragraph 4 5 16-1-7.1 8 Styles 9.1 10 11 12. 13 14 15 A Editing Voice Sensitivity Editor 1823 Customers of a butcher's shop can order a turkey for Christmas and the shop is deciding how many turkeys it should order to meet this demand. The farm the butchers buy from says they can either order 500, 600, 700 or 800 turkeys at a mean cost of 30 per bird. Previous years' sales have given the butcher an idea of how many turkeys customers order in total. This information is detailed in the table. below: Number of turkeys Probability ordered by customers 400 0.05 500 0.15 600 0.20 700 0.35 800 0.20 900 0.05 The mean cost of an ordered turkey is 45. The shop estimates a shortage cost of 2.50 for every customer's turkey order they cannot meet. (a) What are the courses of action and uncontrollable events in this scenario? [2 marks] (b) Prepare a payoff table for the detailing the profits the butcher can expect for the different courses of action and uncontrollable events. [7 marks] o W Focus 100% 11:19 16/08/2022