Jim has estimated that the probabilities of demand for 200, 400, 600, and 800 boxes of Christmas
Question:
a. Choose the best order quantity using this probability data.
b. What is the most that Jim should pay for additional information about the holiday demand for Christmas cards?
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a Order 200 03 3800 025 3800 035 3800 01 3800 3800 Order 400 03 1200 025 7600 035 7600 ...View the full answer
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