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What correctly lists the overall steps of a bcp

30/12/2020 Client: saad24vbs Deadline: 7 Days



A small market orders copies of a certain magazine for its magazine rack each week. Let X=X= demand for the magazine, with pmf



x p(x)


1 1/15


2 2/15


3 3/15


4 4/15


5 3/15


6 2/15




Suppose the store owner actually pays $ 1.25 for each copy of the magazine and the price to customers is $ 3.75. If magazines left at the end of the week have no salvage value, calculate the expected profit.


 

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