Question

1. The proprietor of a food stall has introduced
a new food delicacy he has calculated that the
cost of manufacture is Rupees 1 per piece and
that because of its novelty and quality it would
be sold for rupees 3 per piece it is however
perishable and any goods unsold at the end of
the day are dead loss as they would have to be
destroyed expect demand to be variable and has
drawn up the following probability distribution
expressing his estimate.
Demanded
10
11
12
13
Assuming that the manufacturer produces 12
pieces. What will be his net profit/loss for each
level of demand.​

Answer 1

Answer:

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