Question: You work for a small retail store. You must decide how many cases of kombucha to order. Twenty cases fit on a pallet and because
You work for a small retail store. You must decide how many cases of kombucha to order. Twenty cases fit on a pallet and because of shipping costs, orders must be placed in multiples of You can either order or cases. Each case costs $ If you order more than pallet, you receive a discount of per additional pallet ordered pallets would be would be etc The cases can be sold for $ each. Any that are left unsold can be sold to a discount store for$ Your records suggest that the probability that you will sell cases is cases is cases is and cases is a Construct a payoff table to provide reflect the decisions and outcomes marks What would be your decision based on each of the following?b Maximin marksc Maximax marksd Minimax regret marke Expected value markf Overall what would you do Why? mark
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