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A bakery would like you to recommend how many loaves of its famous marble rye bread...

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Basic Math

A bakery would like you to recommend how many loaves of itsfamous marble rye bread to bake at the beginning of the day. Eachloaf costs the bakery ?$4.00 and can be sold for ?$5.00. Leftoverloaves at the end of each day are donated to charity. Research hasshown that the probabilities for demands of? 25, 50, and 75 loavesare 30?%, 25?%, and 45?%, respectively. Make a recommendation forthe bakery to bake? 25, 50, or 75 loaves each morning. Find theexpected monetary value when baking 25 loaves. EMVequals?$ nothing?(Type an integer or a? decimal.) Find the expected monetary valuewhen baking 50 loaves. EMVequals?$ nothing ?(Type an integer or a?decimal.) Find the expected monetary value when baking 75 loaves.EMVequals?$ nothing ?(Type an integer or a? decimal.) Make arecommendation for the bakery to bake? 25, 50, or 75 loaves eachmorning. The bakery should bake ? 25 50 75 loaves of bread everymorning.

Answer & Explanation Solved by verified expert
3.7 Ratings (315 Votes)
When baking 25 loaves Profit 5 4 1 for 25 loaves irrespective of the demand of 25 50 or 75 EMV 1 25 25 When baking 50 loaves Profit 1 for 25    See Answer
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