Question

A newspaper boy buys magazines for Rs.13 each and sells them for Rs.18 each.
He can not return the unsold magazine. The past record of sales is as follows:.
Sales
23
24
25
26
27
28
29
30

Prob.
.05
.10
.15
.30
.20
.10
.05
.05


Prepare the opportunity loss table
Select the optimal act using expected opportunity loss criterion.
Find EVPI​

Answer 1

Answer:

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwr

Explanation:

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwrhwdmcvmdwhvcwkhrcvkhbwcehkbwr

hwdmcvmdwhvcwkhrcvkhbwcehkbwr