Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

The Universities' bookstore stocks textbooks based on departmental predicts and pre-registration records to find out how many copies are required. Pre-registration illustrates 90 students enrolled, but bookstore manager says that based on his intuition and some historical evidence; he thinks that distribution of sales may range from 70 to 90 according to following probability model.

Demand 70 75 80 85 90
Probability .15 .30 .30 .20 .05

Textbook costs bookstore $82 and sells for $112. Any unsold copies can be returned to publisher, less restocking fee and shipping, for net fund of $36.

MY problemS:

1- How to create the table of conditional profits?

2- How many copies must bookstore stock to get highest expected value?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M931163

Have any Question?


Related Questions in Business Management

When a developer creates an app should they make it

When a developer creates an app, should they make it backwards compatible, so that the app can be handled by older versions of the operating system? Why or why not?

What type of jobsorganizations naturally fall under an

What type of jobs/organizations naturally fall under an egalitarian philosophy? Which ones may struggle with this? Is there a substitute for egalitarianism that can get some of the effect for those organizations that don ...

Jamie dimon changed the business model for jpmorgan chase

Jamie Dimon changed the business model for JPMorgan Chase in 2008. In the process, the bank gave enormous trading authority to one individual. What are the ERM strengths and weaknesses of this strategy?

What does research show regarding coaching relationships

What does research show regarding coaching relationships and what characteristics are associated with the best coaches?

What methods can be used to encourage review and provide

What methods can be used to encourage, review and provide feedback to individuals on a continuous basis?

Identify three leadership traits from the trait theory you

Identify three leadership traits from the Trait Theory you feel you do or do not possess. You may identify three that you do possess, or three that you do not possess, or one you possess and two you do not possess, etc. ...

If a company is having trouble with staffing levels because

If a company is having trouble with staffing levels because of employees calling in sick or requesting time off, what would be an approach to control daily staffing levels of a company so that the company is able to meet ...

What is transformational leadership what are its

What is transformational leadership; what are its characteristics and are there cautions that should be aware of?

How could legislation impact on operations within your

How could legislation impact on operations within your organisation in relation to innovation, project management, and operational planning? Briefly outline any relevant requirements (e.g. intellectual property, WHS).

Discuss the importance of interdisciplinary team

Discuss the importance of Interdisciplinary team collaboration and communication in HC related managerial situations. Offer minimum 1 advantage of the established communication and one disadvantage of the failed communic ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As