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Alex_Xolod [135]
3 years ago
14

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?

Mathematics
1 answer:
o-na [289]3 years ago
4 0

Answer: 8.700

Step-by-step explanation:

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