Question

10
18. A dealer has to decide the number of units to be stocked.
The cost price per unit of the item is Rs. 20 and its selling price
during the season is Rs. 30. If a unit is not sold during the season, it
is to be kept until the next season and the inventory cost per unit is
Re 1. The selling price of such items is Rs. 18 per unit in the next
season. If the probability distribution of the demand of the units is as
follow, find the number of units to be stocked.
Demand (units) 30
40
50 60
Probability
0.3
0.4
0.2 0.1​

Answer 1

Answer:

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