How would I set up this profit function? (c) What percentage have a seruI enoleS

Question

How would I set up this profit function?

(c) What percentage have a seruI enoleSICTOI than 200? HINT: Integrate by parts. 3.2-19. A bakery sells rolls in units of a dozen. The demand X (in 1000 units) for rolls has a gamma distri- bution with parameters = 3.0 = 0.5, where is in units of days per 1000 units of rolls. It costs $2 to make a unit that sells for $5 on the first day when the rolls are fresh. Any leftover units are sold on the second day for $1. How expected value of the profit? many units should be made to maximize the 3.2-20. The initial value of an appliance is $700 and its dollar value in the future is given by

Explanation / Answer

Assume that N units are produced, K[1] are sold on the same day and k[2] are sold on the next day.

(These parameters are to be determined as per the probability distribution given)

Profit function = (N-k[1]) 3-k[2]

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.