subject
Mathematics, 03.12.2019 22:31 SmokeyRN

Anews vendor sells newspapers and tries to maximize profits. the number of papers sold each day is a random variable. however, analysis of the past month's data shows the distribution of daily demand in table 16. a paper costs the vendor 20c. the vendor sells the paper for 30c. any unsold papers are returned to the publisher for a credit of ioc. any unsatisfied demand is estimated to cost ioc in goodwill and lost profit. if the policy is to order a quantity equal to the preceding day's demand, determine the average daily profit of the news vendor by simulating this system. assume that the demand for day 0 is equal to 32. demand per day probability30 .0531 .1532 .2233 .3834 .1435 .06

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 22.06.2019 04:00
Ireally don't understand this, i'm really an idiot but i want to know how to figure this out. !
Answers: 3
question
Mathematics, 22.06.2019 04:00
Andy wants to find the distance d across a river. he located points as shown in the figure, then use similar triangles to find that d = 223.5 feet. how can you tell without calculating that he must be wrong? tell what you think he did wrong and correct his error. round your answer to the nearest tenth if necessary. andy must have used the wrong . the distance d is actually feet.
Answers: 2
question
Mathematics, 22.06.2019 04:00
The perimeter of the rectangle is 120 feet. if the length of the rectangle is ten feet more than the width ,what are the dimensions (length and width) of the rectangle?
Answers: 1
question
Mathematics, 22.06.2019 05:20
These dots plots show the height (in feet) from a sample of the different types of elephants
Answers: 3
You know the right answer?
Anews vendor sells newspapers and tries to maximize profits. the number of papers sold each day is a...
Questions
question
Mathematics, 21.05.2020 03:12
Questions on the website: 13722362