A marina has two party boats available for customers to rent

A marina has two party boats available for customers to rent. Historically, demand for party boats has followed this distribution shown below. The revenue per rental is $400. If a customer wants a party boat and none is available, the store gives a $150 coupon for jet ski rental Using Scenario 7, What is the expected demand? Using Scenario 7, What is the expected revenue? Using Scenario 7, What is the expected cost? Using Scenario 7, What is the expected profit?

Solution

 A marina has two party boats available for customers to rent. Historically, demand for party boats has followed this distribution shown below. The revenue per

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