16. MERCHANDISE DISPLAYS. The upscale

16. MERCHANDISE DISPLAYS. The upscale toy store August Kids has a
picture window with 100 linear feet of display space. The theme this
month is bicycles and tricycles. At least ten tricycles and eight
bicycles are to be displayed. Each tricycle needs three linear feet of
space in the window display and each bicycle requires five linear feet.
August Kids makes a profit of $40 on each tricycle and $80 on each
bicycle it sells. The probability that on a given day a displayed
tricycle will be sold is. 1 0 and that a displayed bicycle will
be sold is .12. Solve for the optimal number of tricycles and bicycles
August Kids should display in its picture window daily under each of the
following objectives:a. Maximize total expected daily profit.


 

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