Question Help how many loaves of its famous marble rye bread to bake at the begi

Question

Question Help how many loaves of its famous marble rye bread to bake at the beginning of the day. Each loaf costs the bakery $4.00 and can be sold for $6.00. Leftover loaves at the end of each day are donated to charity. Research has shown that the probabilities for demands of 25, 50, and 75 loaves ane for the bakery to bake 25, 50, or 75 loaves each moming EMV-$ 50 (Type an integer or a decimal.) Find the expected monetary value when baking 50 loaves EMV-Type an intnger or a dlecimal) in the Final Check 28 X PW

Explanation / Answer

(first part) anser is -47.5

for this case x=25, so expected total cost=25*4=100

Expected number of sold=25*35%=25*35/100=8.75

Expected total sell=8.75*6=52.5

Expected monetary value=EVM =100-52.5=-47.5

(second part) answer is -140

for this case x=50, so expected total cost=50*4=200

Expected number of sold=50*20%=50*20/100=10

Expected total sell=10*6=60

here the EVM for x=50 is 5*4-10*6=-140

following table has been prepared from the given information

number of baked loaves(x) cost price(c ) total cost (c*x) probability of sold (p) number of sold (x*p) sold price(s) total sold(s*x*p) Expected gain/loss (c*x-s*x*p) 25 4 100 0.35 8.75 6 52.5 -47.5 50 4 200 0.20 10 6 60 -140 75 4 300 0.45 33.75 6 202.5 -97.5

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