1.Alphonse and Gaston Croissants Alphonse and Gaston plan to offer their famous

Question

1.Alphonse and Gaston Croissants

Alphonse and Gaston plan to offer their famous (in France at least) croissants for sale on site when the French swimming team returns from a tour abroad for an exhibition meet in France.   They will sell the croissants for € 1.00 each. Their cost to produce each croissant is € .55 and any left over will be sold to the American tourists (who they believe will eat practically anything) for € .35 apiece. From historical data, they believe that the probability distribution of their sales will look like the table below (note the data are in dozens):

Dozen Croissants

Probability

1

0.20

2

0.20

3

0.25

4

0.20

5

0.15

How many dozen croissants should Alphonse and Gaston make? Show your work.

Dozen Croissants

Probability

1

0.20

2

0.20

3

0.25

4

0.20

5

0.15

Explanation / Answer

Dozen Croissants Probability Produce in Dozen 1             0.20                     0.20 2             0.20                     0.40 3             0.25                     0.75 4             0.20                     0.80 5             0.15                     0.75 Total Croissants                          3

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