Question: Question 6 A baker is trying to decide the number of batches of a particular type of bread that he should bake each day. Daily

Question 6 A baker is trying to decide the number of

Question 6 A baker is trying to decide the number of batches of a particular type of bread that he should bake each day. Daily demand ranges from 10 batches to 12 batches. Each batch of bread that is baked and sold yields a positive contribution of Shs. 50, but each batch of bread baked that is not sold yields a negative contribution of Shs. 20 . Assuming the baker adopts the minimax regret decision rule, calculate the number of batches of bread that he should bake each day

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