The Fresh Oven Bakery knows that the number of pies it can sell varies from day to day. The owner believes that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $2.50 each. Assume any pies that go unsold are thrown out at the end of the day. If she sells the pies for $3 each, find the probability distribution for her daily profit.

Probability     No. of pies          Cost       Revenue      Profit

0.5                        100               500           300            -200

0.25                      150               500           450            -50

0.25                      200              500            600           100

Step-by-step explanation:

We are given that  The owner believes that on 50% of the days she sells 100 pies.

So, Probability of selling 100 pies = 0.5

On another 25% of the days she sells 150 pies

So, Probability of selling 150 pies = 0.25

She sells 200 pies on the remaining 25% of the days

So, Probability of selling 200 pies = 0.25

We are given that the owner bakes 200 pies each day at a cost of $2.50 each.

So, Cost per day =

Probability     No. of pies          Cost

0.5                        100               500

0.25                      150               500

0.25                      200              500

Now we are given that  she sells the pies for $3 each

So, SP of 100 pies =

SP of 150 pies =

SP of 200 pies =

Probability     No. of pies          Cost       Revenue      Profit

0.5                        100               500           300            -200

0.25                      150               500           450            -50

0.25                      200              500            600           100

6 and 24

step-by-step explanation:

6 x 4 = 24

well if he bought them at 5 cedis each sold them at 7 cedis each then he would make a profit of 2 cedis of each book. if in total he made 150 cedis profit that means he sold 75 books. he lost 12 books at the start so that means he originally bought a total of 82 books.

step-by-step explanation: