Question
taylor co. sells popsicles. each popsicle sells for $5 and it costs $2 to make. taylor supplies popsicles on 350 days per year and based
taylor co. sells popsicles. each popsicle sells for $5 and it costs $2 to make. taylor supplies popsicles on 350 days per year and based on previous experience the demand will be as follows: number of days70x1 x2 demand per day200 units 300 units400 units of each production run of popsicles is in batches how many popsicles to supply per day this year. required: 100, so taylor must decide a. choose appropriate numbers for x1 and x2, then calculate probability of each outcome for demand per day. making decision of popsicle supply by using expected value for profit? b. discuss about the limitations of using expected value for decision making?
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