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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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kyliesalm kyliesalm
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2 years ago
Debbie is a buyer for a retail chain and needs to decide what order quantity to place for women's coats for the upcoming winter season. Below is a payoff table, in thousands of dollars, for various order quantities (1 = lowest, 4 = highest) and demand levels for the winter coats. Also shown in the table are the probabilities that Debbie has estimated for each demand level.



The expected monetary value (EMV), in thousands of dollars, for Order Quantity 2 is _______.

▸ $138.00

▸ $167.50

▸ $205.20

▸ $245.00
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
Author:
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butuhjawabannyabutuhjawabannya
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kyliesalm Author
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2 years ago
Brilliant ツ
Liarec
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Yesterday
Smart ... Thanks!
sakoon
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2 hours ago
You make an excellent tutor!
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