Question: Note: a=,0 b=3 , c=6 , d=0 , e=2 , f=0 --------------------------------- 4. Under the revision of government policies, it is proposed to allow sales

Note:

a=,0 b=3 , c=6 , d=0 , e=2 , f=0

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4. Under the revision of government policies, it is proposed to allow sales of Pocket Calculators on the metro trains during off-peak hours. The vendor can purchase the pocket calculator at a special discounted rate of (c + d) Baisa per calculator against the selling price of (2+ C +2 * d)Baisa. Any unsold Calculators are, however a dead loss. A vendor has estimated the following probability distribution for the number of calculators demanded. No. of calculators 10 11 12 13 14 15 demanded Probability 0.05 0.14 0.45 0.2 0.1 0.06 How many Calculators should he order so that his expected profit will be maximum? (25 marks)

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