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qualty perisnable, and any goods unsold at the end of a day are a dead loss. He expects the demand to be variable and has drawn' up the following probability distribution expressing his estimates : No. of piece demand 10 Probability Calculate his expected net profit or loss if he manufactures 12 pieces. Unit produced = 12. Manufacturing cost Re 1 per unit selling price = Rs 3 per unit. 11 12 13 14 15 .07 .10 .23 .38 .12 .10

qualty perisnable, and any goods unsold at the end of a day are a dead loss. He expects the demand to be variable and has drawn' up the following probability distribution expressing his estimates : No. of piece demand 10 Probability Calculate his expected net profit or loss if he manufactures 12 pieces. Unit produced = 12. Manufacturing cost Re 1 per unit selling price = Rs 3 per unit. 11 12 13 14 15 .07 .10 .23 .38 .12 .10

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Illustration 16.48. Proprietor of a food stall has invented a new item of food delicacy which he call WHIM. He has calculated that the cost of manufacture is Re 1 per piece and that because of its novelty and
Transcribed Image Text:Illustration 16.48. Proprietor of a food stall has invented a new item of food delicacy which he call WHIM. He has calculated that the cost of manufacture is Re 1 per piece and that because of its novelty and
quality it would be sold for Rs 3 per piece. It is, however, perishable, and any goods unsold at the end of a day are a dead loss. He expects the demand to be variable and has drawn up the following probability distribution expressing his estimates : No. of piece demand 10 Probability Calculate his expected net profit or loss if he manufactures 12 pieces. Unit produced = Rs 3 per unit. 11 12 13 14 15 .07 10 .23 .38 .12 .10 12. Manufacturing cost Re 1 per unit selling price %3D
Transcribed Image Text:quality it would be sold for Rs 3 per piece. It is, however, perishable, and any goods unsold at the end of a day are a dead loss. He expects the demand to be variable and has drawn up the following probability distribution expressing his estimates : No. of piece demand 10 Probability Calculate his expected net profit or loss if he manufactures 12 pieces. Unit produced = Rs 3 per unit. 11 12 13 14 15 .07 10 .23 .38 .12 .10 12. Manufacturing cost Re 1 per unit selling price %3D
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