A newsstand is trying to determine how many bundles of newspapers to stock.For each bundle,the newsstand makes $20.However,they lose $5 per bundle if they do not sell.The following discrete probability distribution has been estimated for their daily demand.How many bundles should they stock?
$$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Demand } \
\text { (bundles) }
\end{array} & \text { Probability } \
\hline 4 & .10 \
5 & .20 \
6 & .30 \
7 & .30 \
8 & .10 \
\hline
\end{array}$$

Question

A newsstand is trying to determine how many bundles of newspapers to stock.For each bundle,the newsstand makes $20.However,they lose $5 per bundle if they do not sell.The following discrete probability distribution has been estimated for their daily demand.How many bundles should they stock?
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Demand } \
\text { (bundles) }
\end{array} & \text { Probability } \
\hline 4 & .10 \
5 & .20 \
6 & .30 \
7 & .30 \
8 & .10 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A newsstand is trying to determine how many bundles of newspapers to stock.For each bundle,the newsstand makes $20.However,they lose $5 per bundle if they do not sell.The following discrete probability distribution has been estimated for their daily demand.How many bundles should they stock?
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Demand } \
\text { (bundles) }
\end{array} & \text { Probability } \
\hline 4 & .10 \
5 & .20 \
6 & .30 \
7 & .30 \
8 & .10 \
\hline
\end{array}$$

A Newsstand Is Trying to Determine How Many Bundles of Newspapers