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A news paper boy buy magazines for Rs 13 and sells them Rs 18 each. He can't return the unsold magazine. The past record sales is in follows sales....

A news paper boy buy magazines for Rs 13 and sells them Rs 18 each. He can't return the unsold magazine. The past record sales is in follows

sales. 23,24,25,26,27,28,29,30

Profit .05,.10,.15,.30,.20,.10,05,.05


1.prepare opportunity loss table

2.select the-optimal act using expected opportunity loss criteria

3.find EVPI


NOTE: This questions is from my assignment , i want submit my assignment one or two days, so please kindly send answer for this questions.


Thank you.

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