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PMQuestion on Risk and Uncertainty
In future you must ask int he Ask the Tutor forum if you want me to answer. This forum is for students to help each other :-)
For biscuits that the company sells, they make a profit of either $2 or $3 depending on the quantity they had bought.
Any unsold biscuits make a loss of either $5 or $4 (again depending on the quantity they had bought).
Any unfulfilled demand (because they had not bought enough) makes a loss of $0.50 per biscuit not supplied.
Welcome to Opentuition. As stated above by tutor, please use ask the tutor forum if you want the tutor to answer something directly. May I ask if you could share the answer to the question, or if not possible, how you answered the above questions. Think I know how I would approach the question but curious if I am correct. Anyway, good luck with your future studies.
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