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Aaron works as the manager of a restaurant. Over the years he has seen the Mothers' Day sales vary but the days are usually quite good with the exception of the monsoon that happened last year. So, in planning his event he is going to rely in past sales excluding last year?s wash out. Typically an average customer hast a sale of $21 at a cost of $13. There is no salvage value. In the past, he has sold anywhere for 1700 to 2500 meals. Meals Probability 1700 0.025 1800 0.05 1900 0.1 2000 0.2 2100 0.25 2200 0.2 2300 0.1 2400 0.05 2500 0.025 Make a full analysis and tell how many meals should be planned. What is probability using marginal analysis? Using the full analysis, how many should be made if average meal sale is $17?
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