Question: Consider the following table: Demand ( in units ) 1 5 1 6 1 7 1 8 1 9 2 0 2 1 2 2

Consider the following table:
Demand (in units)151617181920212223242526272829
Probability 0.010.020.030.050.070.10.120.120.110.090.090.080.060.040.01
Cost per unit: 25
Selling price per unit: 75
Scrap value per unit: 12
Handling cost of handling scrap: 5
What is the expected profit if the stock is 20 units, considering the costs of understocking and overstocking?

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