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Megley Cheese Company is a small manufacturer of several different cheese products. One of the products is a cheese spread that is sold to retail outlets. Jason Megley must decide how many cases of cheese spread to manufacture each month. The probability that the demand will be six cases is 0.1, for 7 cases is 0.30, 8 cases is 0.5, and for cases is 0.1. The cost of every case is $45, and the price Jason gets for each case is $95. Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage. How many cases of cheese should Jason manufacture each month
Nathan's Hotdogs is famous for its chilidogs. Nathan's latest sales indicate that 30% of the customers order their chilidogs with hot peppers. Suppose 15 customers are selected at random. What is the probability that exactly 10 customers will ask ..
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