Question: Note: Answer any two questions. Each question carries 5 marks (Word limits 500) Q. 2. A newspaper boy buys magazines for Rs.13 each and sells

Note: Answer any two questions. Each question carries 5 marks (Word limits 500) Q. 2. A newspaper boy buys magazines for Rs.13 each and sells them for R518 each. He can not return the unsold magazine. The past record of sales is as follows; i) Prepare the opportunity loss table ii) Select the optimal act using expected opportunity loss criterion. iii) Find EVPI

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