Question: Solve the newsperson problem. Probability 0 . 1 1 0 . 1 8 0 . 1 2 0 . 1 9 0 . 1 8

Solve the newsperson problem.
Probability0.110.180.120.190.180.22Value123456
Purchase cost c =20
Selling price p =30
Salvage value v =12
What is the optimal order quantity?

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