A newsboy purchases papers at 10 cents and sells them at 15 cents. However, he is not allowed to return unsold papers. If his da
ily demand is a binomial random variable with n = 10 , p = 1 3 , approximately how many papers should he purchase so as to maximize his expected profit?
1 answer:
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The factor pairs of a number when multiplied give the original number.
Therefore, all the factor pairs of 28 are:
The correct choice is the first one