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A Hot Dog Vendor Must Decide on Monday How Many

Question 18

Multiple Choice

A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game. Each hot dog costs the vendor $3.00 and is sold for $5.00. After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75. The vendor believes that the demand for hot dogs follows the probability distribution shown below: A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game. Each hot dog costs the vendor $3.00 and is sold for $5.00. After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75. The vendor believes that the demand for hot dogs follows the probability distribution shown below:   The optimal number of hot dogs the vendor should order for next Saturday's game is A)  1000 B)  1500 C)  2000 D)  3000 The optimal number of hot dogs the vendor should order for next Saturday's game is


A) 1000
B) 1500
C) 2000
D) 3000

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