Hw 3 #1 - 33.600 Co = 5.600 28th dinner E ∏ 62.720...

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a. # of dinnersP(d) P(D) P(di) * Cu (1-P(di))*Co P(di) * Cu- (1-P(di))*Co 20.000 0.000 1.000 16.800 0.000 16.800 21.000 0.100 1.000 16.800 0.000 16.800 22.000 0.150 0.900 15.120 0.560 14.560 23.000 0.150 0.750 12.600 1.400 11.200 24.000 0.200 0.600 10.080 2.240 7.840 25.000 0.150 0.400 6.720 3.360 3.360 26.000 0.150 0.250 4.200 4.200 0.000 (26 * P(D)): 27.000 0.050 0.100 1.680 5.040 -3.360 28.000 0.050 0.050 0.840 5.320 -4.480 29.000 0.000 0.000 0.000 5.600 -5.600 Cu = 16.800 21st dinner E ∏
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Unformatted text preview: 33.600 Co = 5.600 28th dinner E ∏ 62.720 Probability of Stocking out = Co/(Co + Cu) 0.250 b. The optimal # of dinners should therefore be 26 where P(D) = 25% c. The typical # of dinners discarded is 26 (prepared) - 23.9 (average sold) = 2.1 meals discarded each (# * Pd) 0.000 2.100 3.300 3.450 4.800 3.750 6.500 mean sold: 23.900 h day...
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Hw 3 #1 - 33.600 Co = 5.600 28th dinner E ∏ 62.720...

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