![Newsstand receives 50 copies of USA Now newspapers each day. The daily demand D for USA Now is random and has the following probability distribution: k35,36,49, P(D k)50,51,...,59, k 60,61,70. (a) [3096] what is the probability that USA Now sells out completely? (b) [35%] Determine the expected number of unsold copies of USA Now per day. (C) [35%] If the newsstand pays $0.50 per copy and sells it for $1.00, determine the news- stands expected net income per day](http://img.homeworklib.com/questions/46b7b4e0-7247-11ea-ab6d-bd6d0f60fe8f.png?x-oss-process=image/resize,w_560)
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Newsstand receives...
Problem 2: Freddie's Newsstand - decision making Consider the following problem being faced by a ...
please show the excel file created and equations used to do so.
thank you!
Problem 2: Freddie's Newsstand - decision making Consider the following problem being faced by a newsboy named Freddie. One of the daily newspapers that Freddie sells from his newsstand is the Financial Journal. A distributor brings the day's copies of the Financial Journal to the newsstand early each morning. Any copies unsold at the end of the day are returned to the distributor the next morning....
The correct answers are: (a) .6667 (b) 2.67 (c) 22.33 I don't understand how to get...
The correct answers are:
(a) .6667
(b) 2.67
(c) 22.33
I don't understand how to get them.
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning. The number of copies sold, x, varies randomly according to the folou probability distribution: 4535, 36,...,49 x 50, 51,.. . ,59 33 60, 61,...,70 p(x (a) Determine the probability that the owner will sell out completely (b) Determine the expected number of unsold copies per day (e)...
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning....
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning. The number of copies sold, x, varies randomly according to the folou probability distribution: 4535, 36,...,49 x 50, 51,.. . ,59 33 60, 61,...,70 p(x (a) Determine the probability that the owner will sell out completely (b) Determine the expected number of unsold copies per day (e) A single copy costs 50 cents and sells for $1.00. Unsold copies have Determine the expected net...
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning....
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning. The number of copies sold, x, varies randomly according to the folou probability distribution: 4535, 36,...,49 x 50, 51,.. . ,59 33 60, 61,...,70 p(x (a) Determine the probability that the owner will sell out completely (b) Determine the expected number of unsold copies per day (e) A single copy costs 50 cents and sells for $1.00. Unsold copies have Determine the expected net...
1) Consider the following distribution and random numbers: Demand Frequency 0.15 0.30 0.25 0.15 0...
1) Consider the following distribution and random numbers: Demand Frequency 0.15 0.30 0.25 0.15 0.15 Random Numbers; 62 13 25 40 0 4 What four demand values would be developed from the random numbers listed? 2) Given the following random number ranges and the following random number sequence: 62, 13, 40, 86, 93, determine the expected average demand for the following distribution of demand. Random Demand Number Ranges 00-14 15-44 45-69 70-84 85-99 Answer:_ The number of cars arriving at...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
please show the excel file created and equations used to do so.
thank you!
Problem 2: Freddie's Newsstand - decision making Consider the following problem being faced by a newsboy named Freddie. One of the daily newspapers that Freddie sells from his newsstand is the Financial Journal. A distributor brings the day's copies of the Financial Journal to the newsstand early each morning. Any copies unsold at the end of the day are returned to the distributor the next morning....
The correct answers are:
(a) .6667
(b) 2.67
(c) 22.33
I don't understand how to get them.
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning. The number of copies sold, x, varies randomly according to the folou probability distribution: 4535, 36,...,49 x 50, 51,.. . ,59 33 60, 61,...,70 p(x (a) Determine the probability that the owner will sell out completely (b) Determine the expected number of unsold copies per day (e)...
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning. The number of copies sold, x, varies randomly according to the folou probability distribution: 4535, 36,...,49 x 50, 51,.. . ,59 33 60, 61,...,70 p(x (a) Determine the probability that the owner will sell out completely (b) Determine the expected number of unsold copies per day (e) A single copy costs 50 cents and sells for $1.00. Unsold copies have Determine the expected net...
14-20. The owner of a newspaper stand receives 50 copies of Al Ahram newspaer eves morning. The number of copies sold, x, varies randomly according to the folou probability distribution: 4535, 36,...,49 x 50, 51,.. . ,59 33 60, 61,...,70 p(x (a) Determine the probability that the owner will sell out completely (b) Determine the expected number of unsold copies per day (e) A single copy costs 50 cents and sells for $1.00. Unsold copies have Determine the expected net...
1) Consider the following distribution and random numbers: Demand Frequency 0.15 0.30 0.25 0.15 0.15 Random Numbers; 62 13 25 40 0 4 What four demand values would be developed from the random numbers listed? 2) Given the following random number ranges and the following random number sequence: 62, 13, 40, 86, 93, determine the expected average demand for the following distribution of demand. Random Demand Number Ranges 00-14 15-44 45-69 70-84 85-99 Answer:_ The number of cars arriving at...
SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...
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