The campus bookstore sells highlighters that it purchases by the case. Cost per case, including shipping and handling, is $200. Revenue per case is $350. Any cases unsold will be discounted and sold at $175. The bookstore has estimated that demand will follow the pattern below
Demand level Probability
10 cases 20 percent
11 cases 20 percent
12 cases 40 percent
13 cases 15 percent
14 cases 5 percent
a) Construct the bookstore’s payoff table.
I need just the payoffs how can I exactly get the payoffs please explain
Expert Answer
Answer