Jason must decide how many cases of cheese to manufacture each month. The probability that the demand will be 6 cases is 0.1, for 7 cases is 0.3, for 8 cases is 0.5, and for 9 cases is 0.1. The cost of each case is $45 and the price Jason gets for each case is $95. Any case not sold by the end of the month is of no value due to spoilage. How many case of cheese should Jason manufacture each month?© BrainMass Inc. brainmass.com June 3, 2020, 7:22 pm ad1c9bdddf
Solution contains calculations of number of case of cheese should Jason manufacture each month.