A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game. Each hot dog costs the vendor $3.00 and is sold for $5.00. After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75. The vendor believes that the demand for hot dogs follows the probability distribution shown below: The vendor's cost of overestimating demand, C_o, is A) $5.00 B) $3.00 C) $1.75 D) $1.25

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The Answer of A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game. Each hot dog costs the vendor $3.00 and is sold for $5.00. After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75. The vendor believes that the demand for hot dogs follows the probability distribution shown below: The vendor's cost of overestimating demand, C_o, is A) $5.00 B) $3.00 C) $1.75 D) $1.25

A Hot Dog Vendor Must Decide on Monday How Many