What is the optimal amount of cola

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Reference no: EM131830462

Suppose that you are going to sell cola at a football game and must decide in advance how much to order. Suppose that the demand for cola at the game, in liters, has a continuous distribution with p.d.f. I(x). Suppose that you make a profit of g cents on each liter that you sell at the game and suffer a loss of c cents on each liter that you order but do not sell What is the optimal amount of cola for you to order so as to maximize your expected net gain?

Reference no: EM131830462

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