(Answered) : Teddy Bower Tb Outdoor Clothing Accessories Chain Purchases Line Parkas 10 Asian Supplier Q33422959

Teddy Bower (TB) is an outdoor clothing and accessories chainthat purchases a line of parkas at
$10 each from its Asian supplier, Teddy Sports. Unfortunately, atthe time of order placement,
demand is still uncertain. Teddy Bower forecasts that its demandcan be either: 1,200 units,
2,100 units, or 2,700 units, with equal probability (1/3). TeddyBower sells these parkas at $23
each. Unsold parkas have little salvage value; Teddy Bower simplygives them away to a charity.
As you can see, the average demand is (1,200+2,100+2,700)/3 = 2,000units.
5.1 (2%) If TB decides to buy from Teddy Sports 2,000 units, whatwould be the average number
of parkas sold?
5.2 (2%) Under