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:
You might be interested in
Answer:
Step-by-step explanation:
we are given two temperature
4 degrees and -10 degrees
since it says to figure out the changed
substract
remove parentheses and change its sign
simplify addition:
and we are done!