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The Fresh Oven Bakery Knows That the Number of Pies  Profit P (profit) $200.5$50.25$100.25\begin{array}{l|l}\text { Profit } & P \text { (profit) } \\\hline-\$ 200 & .5 \\-\$ 50 & .25 \\\$ 100 & .25\end{array}

question 38

Short Answer

The Fresh Oven Bakery knows that the number of pies it can sell varies from day to day. The owner believes that on 50% of the days she sells 100 pies. On another 25% of the days she sells 150 pies, and she sells 200 pies on the remaining 25% of the days. To make sure she has enough product, the owner bakes 200 pies each day at a cost of $2.50 each. Assume any pies that go unsold are thrown out at the end of the day. If she sells the pies for $3 each, find the probability distribution for her daily profit. A)
 Profit P (profit) $200.5$50.25$100.25\begin{array}{l|l}\text { Profit } & P \text { (profit) } \\\hline-\$ 200 & .5 \\-\$ 50 & .25 \\\$ 100 & .25\end{array}

B)
 Profit P (profit) $300.5$450.25$600.25\begin{array}{l|l}\text { Profit } & P \text { (profit) } \\\hline \$ 300 & .5 \\\$ 450 & .25 \\\$ 600 & .25\end{array}

C)
 Profit  P(profit) $100.5$250.25$400.25\begin{array}{l|l}\text { Profit } & \text { P(profit) } \\\hline \$ 100 & .5 \\\$ 250 & .25 \\\$ 400 & .25\end{array}

D)
 Profit P (profit) $50.5$75.25$100.25\begin{array}{l|l}\text { Profit } & P \text { (profit) } \\\hline \$ 50 & .5 \\\$ 75 & .25 \\\$ 100 & .25\end{array}

Recognize the importance and characteristics of planning in business settings.
Identify the characteristics of open and closed questions.
Differentiate between primary and secondary research techniques.
Distinguish between informational, analytical, and other types of business reports.

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