SCENARIO 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants.Your profit (in thousands of dollars)will depend on the taste of the consumers when winter arrives.The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.

-Referring to Scenario 5-8,if you decide to choose Design A for 30% of the production lines and Design B for the remaining production lines,what is the expected profit?

Question

SCENARIO 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants.Your profit (in thousands of dollars)will depend on the taste of the consumers when winter arrives.The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.
 
-Referring to Scenario 5-8,if you decide to choose Design A for 30% of the production lines and Design B for the remaining production lines,what is the expected profit?

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The Answer of SCENARIO 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants.Your profit (in thousands of dollars)will depend on the taste of the consumers when winter arrives.The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.
 
-Referring to Scenario 5-8,if you decide to choose Design A for 30% of the production lines and Design B for the remaining production lines,what is the expected profit?

SCENARIO 5-8 Two Different Designs on a New Line of Winter Jackets