The produce manager at the local Pig & Whistle grocery store must determine how many pounds of bananas to order weekly.
Based upon past experience, the demand for bananas is expected to be 100, 150, 200 or 250 pounds with the following probabilities: 100 lbs 0.20; 150 lbs 0.25, 200 lbs 0.35, 250 lbs 0.20.
The bananas cost the store $.45 per pound and are sold for $0.85 per pound. Any unsold bananas at the end of each week are sold to a local zoo for $.30 per pound.
Use your knowledge of Decision Analysis to model and solve this problem in order to recommend how many pounds of bananas the manager should order each week.
26 freelanceria on tarjonnut keskimäärin $29 tähän työhön
Hi there, Being a professional and experienced academic writer, I would love to assist you to complete your statistics assignment. Please message me to discuss further details. Kind Regards, Hassan