Answer Happy

Palmer Jam Company is a small manufacturer of several different
jam products. One product is an organic jam that has
no​ preservatives, sold to retail outlets. Susan Palmer must
decide how many cases of jam to manufacture each month. The
probability that demand will be
5
cases is
0.10​,
for
6
cases it is
0.30​,
for
7
cases it is
0.50​,
and for
8
cases it is
0.10.
The cost of every case is
$40​,
and the price Susan gets for each case is
$85.
​ Unfortunately, any cases not sold by the end of the month
are of no value as a result of spoilage.
Part 2
Based on the given​ information, Susan's conditional
profits table for jam​ is:
Demand
5
6
7
8
Produce
p=0.10
p=0.30
p=0.50
p=0.10
5
enter your response here
enter your response here
enter your response here
enter your response here
Part 3
6
enter your response here
enter your response here
enter your response here
enter your response here
Part 4
7
enter your response here
enter your response here
enter your response here
enter your response here
Part 5
8
enter your response here
enter your response here
enter your response here
enter your response here
Part 6
The number of cases that Susan should produce to achieve maximum
expected value ​(EMV
LOADING...
​) is
▼
7
8
6
5
cases.
Part 7
The EMV of stocking this number of cases is
​$enter your response here
​(round your answer to the nearest whole​ number).