Response to the following problem:
Sometimes different managers or executives approach the same data with different objectives. Circuit Guys is a retail computer store that displays the latest computers from COMPAQ and IBM. The store averages a profit of $200 on every COMPAQ system sold and $300 on every IBM system sold. For each COMPAQ system displayed, the estimated probability that Circuit Guys will sell the system on a particular day is .02. Each IBM system displayed has an estimated probability of .0 1 of sale on that day.
a. One manager at Circuit Guys suggests that, since this is a new store, it should maximize the total number of units on display. Write the expression that models this objective.
b. Another manager feels that the way to impress corporate headquarters is to show a large number of sales at the new store. Write the expression that models this objective.
c. Still another manager maintains that the bottom line is what is important. He feels that, in the long run, maximizing expected profit is what the stockholders want. Write the expression that models this objective.