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 $1.50 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)
$\begin{array}{l|l}
\text { Profit } & P \text { (profit) } \
\hline \$ 0 & .5 \
\$ 150 & .25 \
\$ 300 & .25
\end{array}$

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

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

D)
$\begin{array}{l|l}
\text { Profit } & P \text { (profit) } \
\hline \$ 150 & .5 \
\$ 225 & .25 \
\$ 300 & .25
\end{array}$

Question

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 $1.50 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)
$\begin{array}{l|l}
\text { Profit } & P \text { (profit) } \
\hline \$ 0 & .5 \
\$ 150 & .25 \
\$ 300 & .25
\end{array}$

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

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

D)
$\begin{array}{l|l}
\text { Profit } & P \text { (profit) } \
\hline \$ 150 & .5 \
\$ 225 & .25 \
\$ 300 & .25
\end{array}$

Quizplus · Accepted Answer

The bakery makes $1.50 profit on each pie it sells. On 50% of the days, it sells 100 pies, so its profit is 100 * $1.50 = $150. On 25% of the days, it sells 150 pies, so its profit is 150 * $1.50 = $225. On the remaining 25% of the days, it sells 200 pies, so its profit is 200 * $1.50 = $300.

The Fresh Oven Bakery Knows That the Number of Pies Profit P (profit) $0.5$150.25$300.25\begin{array}{l|l}\text { Profit } & P \text { (profit) } \\\hline \$ 0 & .5 \\\$ 150 & .25 \\\$ 300 & .25\end{array} Profit $0$150$300​P (profit) .5.25.25​​

The Fresh Oven Bakery Knows That the Number of Pies $\begin{array}{l|l}\text { Profit } & P \text { (profit) } \\\hline \$ 0 & .5 \\\$ 150 & .25 \\\$ 300 & .25\end{array}$