Question: ( JUST GIVE ME THE FILL INS - NUMBERS ) future demand. The annual cost of each option ( in thousands of dollars ) depends
JUST GIVE ME THE FILL INS NUMBERS future demand. The annual cost of each option in thousands of dollars depends on demand as follows.
recommendation? Enter your answers in dollars.
staff$
Outside vendor $
Combination vdots,
The decision alternative that minimizes the expected cost is
The expected annual cost associated with this recommendation is $
b Construct a risk profile for the optimal decision in part a
What is the probability of the cost exceeding $
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