Question: Problem 20-6 (Algo) Solve the newsperson problem. Probability 0.17 0.20 0.12 0.19 0.18 0.14 Value 1 2 3 4 5 6 Purchase cost c =

Problem 20-6 (Algo)

Solve the newsperson problem.

Probability 0.17 0.20 0.12 0.19 0.18 0.14
Value 1 2 3 4 5 6

Purchase cost c = 23
Selling price p = 50
Salvage value v = 17

What is the optimal order quantity?

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