33. A newsboy purchases papers at 10 cents and sells them at 15 cents. However, he is...
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33. A newsboy purchases papers at 10 cents and sells them at 15 cents. However, he is not allowed to return unsold papers. If his daily demand is a binomial random variable with n = 10, p = ⅓, approximately how many papers should he purchase so as to maximize his expected profit?
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