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A store owner stocks an outoftown newspaper that is sometimes requested by a small number of customers. Each copy of this newspaper costs her 70
A store owner stocks an outoftown newspaper that is sometimes requested by a small number of customers. Each copy of this newspaper costs her 70 cents, and she sells them for 90 cents each. Any c0pies left over at the end of the day have no value and are destroyed. Any requests for copies that cannot be met because the stocks have been exhausted are considered by the store owner as a loss of 5 cents in goodwill. The probability distribution of the number of requests for the newspaper in a day is shown in the accompanying table. If the store owner defines total daily profit as total revenue from newspaper sales. less total cost of newspaper ordered, less goodwill loss from unsatisfied demand, what is the if 4 newspaper are ordered? ---nnll
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