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Fill all the blank Q3 Complete the following simulation table for purchase of 60 newspapers by computing revenue from sales, loss profit from excess demand,
Fill all the blank
Q3 Complete the following simulation table for purchase of 60 newspapers by computing revenue from sales, loss profit from excess demand, salvage from sale of scrap and daily profit. 0.22 0.40 Cost data Unit cost Unit price Unit lost Unit refund Purchase 0.18 0.05 60 Revenue from Sales Lost Profit from Excess Salvage from Demand Sale of Scrap Daily Profit Day 1 2 3 Random Digits for Random Type of Type of Digits for Newsday Newsday Demand Demand 0.94 Poor 0.90 70 0.51 Fair 0.35 60 0.46 Fair 0.84 70 0.78 Fair 0.65 60 0.24 Good 0.84 90 0.47 Fair 0.66 60 0.40 Fair 0.89 80 Total 4 5 6 7 AvgProfit MinProfit MaxProfitStep by Step Solution
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