Leonard Presbys newsstand uses naive forecasting to order tomorrows papers. The number of newspapers ordered corresponds to
Question:
Demand Probability
21 ........... .25
22 ........... .15
23 ........... .10
24 ........... .20
25 ........... .30
(a) What is the demand on day 3?
(b) What is the total net profit at the end of the 6 days?
(c) What is the lost goodwill on day 6?
(d) What is the net profit on day 2?
(e) How many papers has Presby ordered for day5?
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