Question: Consider the Newsvendor model. The demand is a discrete random variable with the possible values and corresponding probabilities given in the table below. The unit

Consider the Newsvendor model. The demand is a

Consider the Newsvendor model. The demand is a discrete random variable with the possible values and corresponding probabilities given in the table below. The unit selling price is $100, unit purchase price is $60 and the unit salvage value is $50. Demand values Probability 100 0.2 200 0.1 300 0.3 400 0.3 500 0.1 Question: what is the maximum expected/mean profit? O $11000 $11500 O $9500 $10500 O $9000 $8500

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