subject
Mathematics, 18.02.2020 20:30 ananyaamazing

Small market orders copies of a certain magazine for its magazine rack each week. Let X = demand for the magazine, with the following pmf. x 1 2 3 4 5 6 p(x) 1 14 2 14 3 14 3 14 2 14 3 14 Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine? [Hint: For both three and four copies ordered, express net revenue as a function of demand X, and then compute the expected revenue.] What is the expected profit if three magazines are ordered? (Round your answer to two decimal places.) $ 27/7 Incorrect: Your answer is incorrect. What is the expected profit if four magazines are ordered? (Round your answer to two decimal places.) $ How many magazines should the store owner order

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Find the greatest common factor of -30x 4 yz 3 and 75x 4 z 2.
Answers: 1
question
Mathematics, 21.06.2019 18:20
Inez has a phone card. the graph shows the number of minutes that remain on her phone card a certain number of days.
Answers: 2
question
Mathematics, 21.06.2019 19:30
Plz.yesterday, the snow was 2 feet deep in front of archie’s house. today, the snow depth dropped to 1.6 feet because the day is so warm. what is the percent change in the depth of the snow?
Answers: 1
question
Mathematics, 21.06.2019 20:10
21 type the correct answer in the box. use numerals instead of words. if necessary, use / for the fraction bar. the solution set of n2 - 14n = -45 is { (separate the solutions with a comma)
Answers: 3
You know the right answer?
Small market orders copies of a certain magazine for its magazine rack each week. Let X = demand for...
Questions
question
Mathematics, 11.12.2020 08:30
question
Mathematics, 11.12.2020 08:30
question
Mathematics, 11.12.2020 08:30
question
Mathematics, 11.12.2020 08:30
Questions on the website: 13722363