The bookstore sells promotional booklets. You can buy thebooklets from your supplier in bundles of one dozen each. Eachbooklet in the bundle costs $65, and will sell for $90. Bookletsunsold by specific event will be clearance priced at $20. Thebookstore estimates that demand patterns will follow the tablebelow. How many bundles should be purchased based on EMVcriteria?
Demand level | Probability |
1 bundle | 10 percent |
2 bundles | 30 percent |
3 bundles | 50 percent |
4 bundles | 10 percent |
