Elite couture, a high-end fashion goods store has to decide on the quantity of luella bartley handbags to sell during the christmas season. the unit cost of the handbag is $28.9, and the handbag sells for $227. a discounter purchases all handbags remaining unsold at the end of the season for $26 each. further, there is a significant 40% inventory holding cost incurred for each unsold bag. demand for bags is distributed normally with mean 150 and standard deviation 20. how many bags should be purchased to maximize expected profit?

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?