Question: Newspaper Boy Problem. Decide how man papers to purchase, given that the demand is uncertain. Example: The demand is 1 0 , 2 0 ,

Newspaper Boy Problem. Decide how man papers to purchase, given that the demand is uncertain.
Example: The demand is 10,20,30, or 40 newspaper on any given day. Purchase a newspaper for 20c and sell for 90c. The salvage value of an unsold newspaper is 5c, while the opportunity cost for newspapers has been estimated to be 15c for each newspaper that could have been sold but was not due to the lack of supply. Suppose that the purchasing strategies are 10,20,30, & 40.
Payoff matrix
 Newspaper Boy Problem. Decide how man papers to purchase, given that

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