Question

(1 point) Swen's Ski Rental rents skis, boots, and poles for $ 20 per day. The daily cost per set of skiis is $5. It includes maintenance, storage, and overhead, Daily profits depend on daily demand for skis and the number of sets available. Swen knows that on a typical weekend the daily demand for skis is given in the table. Probability 0.1 0.225 0.425 0.075 0.175 Number of Customers 80 81 82 83 84 a) Find the expected number of customers | b) If 80 sets of skis are available, compute Swen's expected profit: C) If 81 sets of skis are available, compute Swen's expected profit: d) If 82 sets of skis are available, compute Swen's expected profit: e) If 83 sets of skis are available, compute Swen's expected profit: f) If 84 sets of skis are available, compute Swen's expected profit: g) How many sets of skis should Swen have ready for rental to maximize expected profit?