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Simon School Volunteers decide to bake pies for a bake sale organized to raise money for Habitat for Humanity. The volunteers calculate that the cost

  1. Simon School Volunteers decide to bake pies for a bake sale organized to raise money for Habitat for Humanity. The volunteers calculate that the cost of ingredients for each pie will be approximately $3.00. The volunteers further estimate that if they price the pies at $10 a piece they will sell between 37 and 42 pies (any number between 37 and 42 is equally likely). The rules of the bake sale are such that prices may not be adjusted in the middle of the sale. Unsold pies will be delivered to a food pantry.
    1. For Simon School Volunteers, what is the cost of overprovisioning (C_o), i.e.baking a pie that does not sell?

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