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Lakeside Bakery bakes fresh ples every morningThe daily demand for its apple pies is a random variable with (discrete ) distribution based on past experience,
Lakeside Bakery bakes fresh ples every morningThe daily demand for its apple pies is a random variable with (discrete ) distribution based on past experience, given by 6 Demand Probability 12 18 22 26 30 14 2826169 Each apple pie costs the bakery $19.95 to make and is sold for $ 43Unsold apple pies at the end of the day are purchased by a nearby soup kitchen for 86 cents eachAssume no goodwill cost a If the company decided to bake 18 apple pies each day, what would be its expected profit? Note: Do not round intermediate calculationsRound your answer to 2 decimal places Expected profit b . Based on the demand distribution above, how many apple pies should the company bake each day to maximize its expected profit? Number of apple
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