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The Theatre Club plans to sell popcorn at an outdoor movie event. The frequency distribution of the demand for popcorn per day is presented
The Theatre Club plans to sell popcorn at an outdoor movie event. The frequency distribution of the demand for popcorn per day is presented below: Unit sales volume Probability 1,400 5% 2,900 10% 4,400 35% 5,800 30% 7,200 20% The popcorn is sold for Php45.00 and the cost per box is Php11.25. Any unsold box is discarded because it will spoil before the next event. What is the estimated demand for popcorn at the next outdoor movie event using an expected value approach? C. 5,080 units A. 3,300 units B. 4,400 units D. 7,910 units In relation to the previous item, what is the estimated demand using a deterministic approach based on the most likely outcome? A. 3,300 units C. 5,080 units D. 7,910 units B. 4,400 units
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