Question: Remaining Time: 1 hour, 12 minutes, 15 seconds. Question completion Status VER 2 points Seven Consider an item with the following discrete demand distribution for

Remaining Time: 1 hour, 12 minutes, 15 seconds. Question completion Status VER 2 points Seven Consider an item with the following discrete demand distribution for a one-period inventory decision Demand (D) Demand Probability 10 0.15 20 0.20 30 0.30 40 0.20 50 0.15 This item experiences a seasonal demand pattern. A profit of S15 per unit is made if the item is sold in season, but a low of $10 per unit is incurred if the stem is sold after the season is ovet. Use the information (1)What is the payoff when 40 units are ordered but a demand of 50 materializes? (2) What is the payoff when 40 units are ordered but a demand of 30 materializes? (3) What is the order quantity with the highest expected payoff $150-50 - 20 units $300 - $100 - 40 units $450 - $450 - 50 units $600 - 5350 - 30 units

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