20x Level

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Business Statistics help??

Ive been trying to figure this out for hours, can someone help me out please!
Thank you in advance :)

Retread, a tire manufacturer, wants to select one of the feasible designs for a new longer wearing radial tire. The manufacturing cost of each type of tire is shown below.

Tire Design |Fixed Cost per year |Variable Cost per tire
A | $60,000 | $30
B | 90,000 | 20
C | 120,000 | 15

(They're in columns)

There are 3 possible levels of annual demand: 5,000 tires, 8,000 tires and 11,000 tires. The respective probabilities are 0.2, 0.4 and 0.4. The selling price will be $85 for A. $70 for B and $70 for C.

QUESTION:
1) Based on expected profit, which design should be produced?

2) What is the expected profit for that design? $

I got DESIGN C and 521000 :S Im not to sure if that is right though.

16 hours ago
- 3 days left to answer.

A week ago I did a similar problem:

A table will be much easier to visualize this problem

let x be number of tires, y be the cost price, z be the selling price and p be the profit

COST:
tire A: y = 60000 + 30x ; level 5000 , y = 210000; level 8000 , y = 300000; level 11000 , y = 390000
tire B: y = 90000 + 20x ; level 5000 , y = 190000; level 8000 , y = 250000; level 11000 , y = 310000
tire C: y = 120000 + 15x ; level 5000, y = 195000; level 8000 , y = 240000; level 11000 , y = 285000

SELLING:
tire A: z = 85x ; level 5000, z = 425000; level 8000, z = 680000; level 11000, z = 935000;
tire B: z = 70x ; level 5000, z = 350000; level 8000, z = 560000; level 11000, z = 770000;
tire C: z = 70x ; level 5000, z = 350000; level 8000, z = 560000; level 11000, z = 770000;

PROFITS = SELLING - COST:
tire A: level 5000, p = 215000 ; level 8000, p = 380000; level 11000, p = 545000;
tire B: level 5000, p = 160000; level 8000, p = 310000; level 11000, p = 460000;
tire C: level 5000, p = 155000; level 8000, p = 320000; level 11000, p = 485000;

1. Tire A should be produced
2. Expected Profit = 0.2(215000) + 0.4(380000) + 0.4(545000) = $413000

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