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Fresh First grocery store faces demand for freshly squeezed orange juice. The daily demand for freshly squeezed pomegranate juice ranges from 0 to 5 gallons. The grocery store offers the juice in a special 1 gallon bottle that will be discarded after a day. Each gallon costs $2 to make and is sold for $5. The daily demand for pomegranate juice varies according to the following distribution:

x   p(x)
0   0.05
1   0.2
2   0.4
3   0.2
4   0.1
5   0.05

How many gallons of juice should the store make each day?
Textbook 
Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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assignment009 Author
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5 years ago
tough course honestly, thank you
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