Palmer Jam Company is a small manufacturer of several different jam products One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 5 cases is case is 0.05, for 6 cases it is 0.20, for 7 cases it is 0.40, and for 8 cases it is 0.35. The cost of every case is $50, and the price Susan gets for each case is &90. Unfortunately, any cases not sold by the end of the month are of no value as a result of spoilage. Based on the given information, Susan's conditional profits table for jam is: The number of cases that Susan should produce to achieve man m expected vale (EMV)is __ cases. The EMV of stocking this number of cases is $ __ (round your answer to the nearest whole number).
https://writingexpert.net/wp-content/uploads/2020/07/W.E-logo.png 0 0 Paul https://writingexpert.net/wp-content/uploads/2020/07/W.E-logo.png Paul2020-09-09 13:43:202020-09-09 13:43:20Palmer Jam Company is a small manufacturer of several different jam products One product is an organ