Short Answer
The neighborhood deli specializes in New York Style Cheesecake. The cheesecakes are made fresh daily and any unsold cheesecake is donated to the Salvation Army soup kitchen to feed the homeless. Each cheesecake costs $5 to make and sells for $11. The daily demand for cheesecake (the number the deli could sell if they had a cheesecake for everyone who wanted one) has the following distribution.
a. What is the expected demand for cheesecake?
______________
b. What is the expected daily profit if the deli makes only one cheesecake per day?
$ ______________
c. What is the expected daily profit if the deli makes only two cheesecakes per day?
$ ______________
Correct Answer:

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a. 1.7; b....View Answer
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Correct Answer:
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