Question: A burger stall owner must make a single order for burgers. Each burger costs the owner $13 and leftover burgers are marked down to $5

A burger stall owner must make a single order for

A burger stall owner must make a single order for burgers. Each burger costs the owner $13 and leftover burgers are marked down to $5 for quick sale. Loss of goodwill from customers if burgers run out is $28.5/burger. Estimated sales are given with the following probabilities: 100 0.12 Number 40 50 60 70 80 90 Probability 0.08 0.12 0.14 0.23 0.17 0.14 i. Determine the optimal order quantity. ii. Determine the expected shortage and the expected surplus. iii. Determine the total expected cost

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