Answer:
Using EMV analysis, the number of units of the new product should be purchased for resale = Purchase 7.
The maximum EMV of profit you can make is 270.
Explanation:
We can use the following method to solve the given problem
Solution:
Using EMV analysis,
EMV (Purchase 6 for resale)= 6(40)(0.1) + 6(40)(0.4) + 6(40)(0.5)=240
EMV (Purchase 7 for resale) = [6(40)-60](0.1) +7(40)(0.4) + 7 (40)(0.5) = 270
EMV (Purchase 8 for resale) = [6(40)-2(60)] (0.1) + [7 (40) - 60] (0.4) + 8(40)(0.5)= 260
Largest EMV= 270; Choose to purchase 7 units for resale.
Step-by-step explanation:
Hopefully this helps :)
X + 6=33. you need addition
hope this helps
Answer:
x (Fancy Gold fish) = 3
y (Common goldfish) = 29
Step-by-step explanation:
Fancy goldfish x cost $3 each
common goldfish y cost $1 each
Graph: y = 20 + 3x (I'm hoping this is the correct line equation, please do leave a comment below if it's not)
Thus, we graph it by subtitude either the x or y values. (Or you can use just X = 1,2,3).
Now, to find how many of each type of goldfish Tasha can buy. We subtitude the line equation by either using x = 3 or y = 1
Using either values to solve the equation, we get:
x = 3
y = 29
Hope this helps!