An Apple Pie Company Knows That the Number of Pies $\begin{array}{l|l}\text { Profit } & \text { P(profit) } \\\hline \$ 0 & 0.5 \\\$ 200 & 0.25 \\\$ 400 & 0.25\end{array}$

question 72

Multiple Choice

An Apple Pie Company knows that the number of pies sold each day varies from day to day. The ownerbelieves that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pieseach day at a cost of $2 each. Assume any pies that go unsold are thrown out at the end of the day. If she sellsthe pies for $4 each, find the probability distribution for her daily profit.

• A)
• \(\begin{array}{l|l}
• \text { Profit } & \text { P(profit) } \\
• \hline \$ 0 & 0.5 \\
• \$ 200 & 0.25 \\
• \$ 400 & 0.25
• \end{array}\)
• B)
• \(\begin{array}{l|l}
• \text { Profit } & \text { P(profit) } \\
• \hline \$ 400 & 0.5 \\
• \$ 600 & 0.25 \\
• \$ 800 & 0.25
• \end{array}\)
• C)
• \(\begin{array}{l|l}
• \text { Profit } & \text { P(profit) } \\
• \hline \$ 200 & 0.5 \\
• \$ 400 & 0.25 \\
• \$ 600 & 0.25
• \end{array}\)
• D)
• \(\begin{array}{l|l}
• \text { Profit } & \text { P(profit) } \\
• \hline \$ 200 & 0.5 \\
• \$ 300 & 0.25 \\
• \$ 400 & 0.25
• \end{array}\)

---

Definitions:

Chapter 11

A chapter of the U.S. Bankruptcy Code allowing a business to continue operations while reorganizing its debts under court supervision.

Creditors

Individuals or entities to whom money is owed by a debtor.

Court

A governmental institution that has the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Creditors' Committee

A group of representatives from a bankrupt company's unsecured creditors involved in the bankruptcy proceedings to protect their interests.