Shaq (see Problem 8-19) has done some research and discovered that the probabilities for demands of 100,

Question:

Shaq (see Problem 8-19) has done some research and discovered that the probabilities for demands of 100, 300, and 500 newspapers are 0.4, 0.35, and 0.25, respectively.
(a) Using EMVs, how many papers should Shaq order?
(b) Using EOL, how many papers should Shaq order?
(c) Compute Shaq’s EVwPI and EVPI.