Assignment:
Kroger at Scottsville Road makes fresh pumpkin pies each morning. The daily demand for these pies is a random variable with a distribution estimated from manager Mike's experience given by
Number of pumpkin Probability pies sold in one day
0 0.05
5 0.15
10 0.10
15 0.05
20 0.20
25 0.10
30 0.15
35 0.05
40 0.10
45 0.05
Mike knows that the cost of making one pumpkin pie is about $4. In the store, pumpkin pies are sold for $10 each. At the end of the day, unsold pumpkin pies are sold to Bowling Green food bank for $1 each. Determine the average number of pumpkin pies sold to Bowling Green food bank (Average Overstock).
A. 1
B. 2
C. 2.5
D. 3.5
E. 5.5
F. 7.5
G. 8.5
H. 10
I. 12.5
J. 15
K. 17.5
L. 20.5
Mike knows that the cost of making one pumpkin pie is about $4. In the store, pumpkin pies are sold for $10 each. At the end of the day, unsold pumpkin pies are sold to Bowling Green food bank for $1 each. How many pumpkin pies should Kroger make at the start of each day?
A. 0
B. 5
C. 10
D. 15
E. 20
F. 25
G. 30
H. 35
I. 40
J. 45