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Please help me solve this.
the cost of unit for candle is $25, selling price $30 per item if sold within a week.
unsold to be disposed $20
weekly sales: 3 4 5 6 7 8
probability: 0 10 20 40 30 0
Determine the optimum number of items per week that should be bought by the business owner.
Please show you working. Thanks
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Hi;
Looks like a linear programming problem. What have you done so far? Have you set the constraints and the equation to be maximized up?
In mathematics, you don't understand things. You just get used to them.
If it ain't broke, fix it until it is.
Always satisfy the Prime Directive of getting the right answer above all else.
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