The campus bookstore sells stadium blankets embroidered with the university crest. The blankets must be purchased in bundles of one dozen each. Each blanket in the bundle costs $65, and will sell for $90. Blankets unsold by homecoming will be clearance priced at $20. The bookstore estimates that demand patterns will follow the table below.
a. Build the decision table.
b. What is the maximum expected value?
c. How many bundles should be purchased?
Definitions:
Chordata
A phylum of animals possessing a notochord at some stage in their development, including vertebrates like fish, amphibians, reptiles, birds, and mammals.
Vertebrata
A subphylum of chordates that includes animals with backbones or spinal columns.
Mammalia
A class of warm-blooded vertebrate animals characterized by the possession of mammary glands, which females use to feed their young, among other distinctive features.
Animalia
A kingdom comprising multicellular, eukaryotic organisms that are typically mobile and obtain nutrients by consumption.
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