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It is a case study about determining the profit maximizing average daily production capacity for a product for each of the reference based prices and estimate the expected dailt profit, Also to recommend an average daily production capacity for the next 12 months for the manufacturing plant.
The consultant estimates that there is a 5% chance that the price will be $50 per unit, a 20% chance that the price will be $100 per unit, and a 75% chance that the price will be $150 per unit. This is the best estimate the consultant can provide given the lack of information coming from the government about the issue.
Please also explain the steps in details regard to how you plan to complete the assignment.
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