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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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mathdawg33 mathdawg33
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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 value under certainty (EVUC), in thousands of dollars, is _________.

▸ $128.00

▸ $245.00

▸ $288.00

▸ $416.00
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
Author:
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GeraldineSGeraldineS
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mathdawg33 Author
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2 years ago
Helped a lot
amandamraz
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Yesterday
Thanks
bahajo
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2 hours ago
Smart ... Thanks!
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