10. For the past 200 days, the sales of bread from the Fresh Food Bakery have been as follows

(a) Determine the expected sales of bread.

(b) The bakery's production costs are Rs 2 per loaf, sale price is Rs 4 per loaf, and any bread unsold at the end of the day is contracted to a local farmer who pays Re 1 per loaf. Draw up a paY-off table for each sales/production combination.
(

c) Compute the expected profit arising from each level of production and determine the optimal policy.

Transcribed Image Text:

Daily sales (loaves) No. of days 10 09 100 200 300 400 60 60 50 20