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You are starting a pop-up fireworks tent for July 4th weekend. You found out that one of the popular fireworks is Excalibur Fireworks Artillery Shells.
You are starting a pop-up fireworks tent for July 4th weekend. You found out that one of the popular fireworks is "Excalibur Fireworks Artillery Shells". You can purchase this popular fireworks from a wholesaler at $25 per box. You are able to sell the fireworks at $75 per box. Any leftover boxes can be sold as a closeout sale at $5 per box after July 4th.
Assume that the demand follows a uniform distribution U(2,24). How many boxes should you stock for the July 4th festivities?
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