The national sales manager for "I colored this" (ICT) T-shirts provides all salespersons with the payoff table shown next, giving the estimated profit when a retailer purchases from one to four dozen T-shirts. The probability of demand for each state of nature is also shown. 
How many dozen "I colored this" T-shirts should be purchased to yield the highest payoff?
Definitions:
Constraints
Limitations or restrictions in a manufacturing or production process, which can affect the efficiency or outcomes.
Iso-profit Line
A graphical representation in microeconomics that shows all possible combinations of two goods that yield the same profit level for a firm.
Profit Maximizing
The process or strategy of adjusting prices, output, or operations to achieve the highest possible profit under given conditions and constraints.
Parallel Lines
Lines in a plane that never meet, no matter how far they are extended, characterized by having the same slope.
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