Blossom's Flowers Purchases Roses for Sale for Valentine's Day

question 44

Multiple Choice

Blossom's Flowers purchases roses for sale for Valentine's Day.The roses are purchased for $10 a dozen and are sold for $20 a dozen.Any roses not sold on Valentine's Day can be sold for $5 per dozen.The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100,200,or 400 dozen roses.
-Given 0.2,0.4,and 0.4 are the probabilities for the sale of 100,200,or 400 dozen roses,respectively,then the optimal alternative using expected monetary value (EMV) for selling roses is to buy _______ dozen roses.

• A) 400
• B) 200
• C) 100
• D) 600

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