In: Statistics and Probability
A pie company bakes 300 pies each day at a cost of $2 each and
sells each for $3; unsold pies are thrown out at the end of the
day.
60% of the days company sells 150 pies
25% of the days company sells 250 pies
15% of the days company sells 300 pies
Find the probability distribution for daily profit. Also, find
expected profit.