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Ronald operates a magazine stand at the corner of CM Recto and Lepanto. Every week he purchases Kislap magazine at P 4 . 5 0
Ronald operates a magazine stand at the corner of CM Recto and Lepanto. Every week he purchases Kislap magazine at P a copy and sells each for P
Copies of Kislap magazine left at the end of the week must be discarded or sold at a salvage value. Find the EV of the optimal weekly stock if probabilities are:
What is the optimal stock action by minimizing the expected regret value.
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