Question

Case Study.
Under an employment promotion program it is proposed to allow sale of news
papers on the buses off-peak hours. The Vendor can purchase the newspapers at a
special concessional rate of 25 paise per copy against the selling price of 40 paise.
Any unsold copies are, however, a dead loss. A Vendor has estimated the following
probability distribution for the number of copies demanded.
16
18
19
20
No. of Copies:
Probability:
0.10 0.19 0.33 0.26 0.11 0.07
How many copies should be order so that his expected profit will be maximum
will be​

Answer 1

Answer:

16

Explanation:

bcz my mind says and u re prshn me bcz u don't know

Answer 2

Explanation:

EMV (max) = 244.2

EV with PI = 261.3

EMPI = EV with PI - EMV (max)

= 261.3 - 244.2

= 17.1