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Kyle Store Sells K2 Skis -Use the Information in Scenario D

question 26

Multiple Choice

Kyle store sells K2 skis. The store makes a $200 profit per unit sold during the ski season, but it should take a $50 loss per unit if sold after the season is over. The following discrete probability distribution has been estimated for the season's demand.
 Demand (D)  Demand Probability 100.1200.3300.3400.2500.1\begin{array} { | c | c | } \hline \text { Demand } ( D ) & \text { Demand Probability } \\\hline 10 & 0.1 \\20 & 0.3 \\30 & 0.3 \\40 & 0.2 \\50 & 0.1 \\\hline\end{array}
-Use the information in Scenario D.2..What is the best order quantity?


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