The Shoprite grocery store places orders each week for an entertainment magazine that it stocks on the
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Based on historical data, Shoprite has estimated that the probabilities of a weekly demand of 200, 400, and 600 magazines are 0.22, 0.34, and 0.44 respectively.
a. Choose the best order quantity of magazines using this probability data.
b. What is the most that Shoprite should pay for additional information about the weekly demand for magazines?
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