Given is the information concerning a product
(1) Unit profit Rs. 3
(2) Salvage loss per unit Rs. 2
(3) Demand record over 300 days is as under:
Unit demand S 6 7 8 9
Days
30 60
75 45
Find
(1) EMV, if 8 units are ordered
(2) Expected profit presuming certainty of demand
90
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