Question
A newspaper boy buys paper for 60 paise each and sells them for Rs. 1.40 each. He cannot return unsold newspapers. Daily demand has the
A newspaper boy buys paper for 60 paise each and sells them for Rs. 1.40 each. He cannot return
unsold newspapers. Daily demand has the following distribution:
No. of customers: 25 26 27 28 29 30 31 32 33 34 35
Probability: 0.04 0.06 0.05 0.10 0.15 0.16 0.11 0.10 0.10 0.07 0.06
If each day's demand is independent of the previous day's, how many papers should be ordered each
day?
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An Introduction To Statistical Methods And Data Analysis
Authors: R. Lyman Ott, Micheal T. Longnecker
7th Edition
1305269470, 978-1305465527, 1305465520, 978-1305269477
