A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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. Jane Tarheel is producing “Beat Dook” T-shirts to see outside the Dean Dome before
the big game. She plans to sell the t-shirts, which cost her $6 to make, for $12.
Rose’s Department Store has offered to purchase any leftover t-shirts for $2. Jane
isn’t sure how much demand will exist for her shirts, but she knows it will be between
100 and 300 shirts. Lacking any better information, she assume any value within that
range is equally likely (i.e., demand is distributed uniformly between 100 and 300).
How many shirts should Jane produce?
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