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(Solved): A local coffee shop sells coffee, bagels, magazines, and newspapers. The owner has gathered informa ...




A local coffee shop sells coffee, bagels, magazines, and newspapers. The owner has gathered information for the past 30 days
A local coffee shop sells coffee, bagels, magazines, and newspapers. The owner has gathered information for the past 30 days regarding the demand for bagels. The information is listed in the table below. The owner wants to use expected value to compute her best strategy for ordering bagels for the next week. She intends to order the same number each day and must order in multiples of 5 . Therefore, she will order \( 90,95,100 \), or 105 bagels. She buys the bagels for 70 cents each and sells them for 97 cents. Complete parts a) and b) below. a. What is the owner's expected daily profit if she orders 95 bagels per day? (Hint: First compute the profit the owner will earn if she can sell \( 105,100,95 \), and 90 bagels.) The expected daily profit is \( \$ \) (Round to the nearest cent as needed.)


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a) To find the expected daily profit if she orders 96 bangles per d
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