A small market orders copies of a certain magazine for its magazine rack each week. Let X = demand for the magazine, with the following pmf. 3 4. 5 1 2 5 3 3 p(x) 19 19 19 19 19 19 Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine? [Hint: For both three and four copies ordered, express net revenue as a function of demand X, and then compute the expected revenue.] What is the expected profit if three magazines are ordered? (Round your answer to two decimal places.) $ 9.36 What is the expected profit if four magazines are ordered? (Round your answer to two decimal places.) $7.36 How many magazines should the store owner order? O 3 magazines O 4 magazines

A small market orders copies of a certain magazine for its magazine rack each week. Let X = demand for the magazine, with the following pmf. 3 4. 5 1 2 5 3 3 p(x) 19 19 19 19 19 19 Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine? [Hint: For both three and four copies ordered, express net revenue as a function of demand X, and then compute the expected revenue.] What is the expected profit if three magazines are ordered? (Round your answer to two decimal places.) $ 9.36 What is the expected profit if four magazines are ordered? (Round your answer to two decimal places.) $7.36 How many magazines should the store owner order? O 3 magazines O 4 magazines

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.6: Exponential And Logarithmic Equations

Problem 64E

See similar textbooks

Similar questions

The population P (in millions) of Texas from 2001 through 2014 can be approximated by the model P=20.913e0.0184t, where t represents the year, with t=1 corresponding to 2001. According to this model, when will the population reach 32 million?
aIf HP=4, PJ=5, and PM=2, find LP. _ bIf HP=x+1, PJ=x1, LP=8, and PM=3, find x. _
For T:P5P3 and nullity(T)=4, find rank(T).
The revenue per month earned by the Couture clothing chain at timetisR(t) =N(t)S(t),whereN(t) is the number of stores andS(t) is the average revenue per store per month. Couturereleases a statement to their investors saying that currently they have 50 stores with a total revenueof$7,500,000 and expect to increase the number of stores by about 2 stores per month and increasetotal revenue by about$250,000 per month. What does this statement imply about the current rateof change of the average revenue per store per month?
An efficiency study of the morning shift at a factory (7:00 A.M. to 12:00 noon) indicates that an average worker who arrives on the job at 7:00 A.M. will have produced Qunits t hours later, whereQ(t) = -t3 + 9t2 + 15tWhen during the morning shift does the worker’s production reach the point of diminishing returns?
A certain brand of upright freezer is available in three different rated capacities: 16ft3, 18 ft3, and 20 ft3. Let X = the rated capacity of a freezer of this brand sold at acertain store. Suppose that X has pmfx 16 18 20p(x) .2 .5 3a. Compute E(X), E(X2), and V(X).b. If the price of a freezer having capacity X is 70X – 650, what is the expectedprice paid by the next customer to buy a freezer?c. What is the variance of the price paid by the next customer?d. Suppose that although the rated capacity of a freezer is X, the actual capacityis h(X) = X - .008X2. What is the expected actual capacity of the freezer purchasedby the next custom
Express the solution of the given IVP in terms of a convolution where g(t) is an arbitrary function.
For b there are two cases and for c I have to plug the initial data into the ode
Find f(3) for x = 3 from the dataset using the Lagrangian Method