Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 23 Jan 2018 My Price 4.00

Harry's Hardware

Harry's Hardware does a brisk business during the year, but during Christmas, Harry's Hardware sells Christmas trees for a substantial profit. Unfortunately, any trees not sold at the end of the season are totally worthless. Thus, the number of trees that are stocked for a given season is a very important decision. The following table reveals the demand for Christmas trees. DEMAND FOR CHRISTMAS TREES PROBABILITY 50 0.05 75 0.1 100 0.2 125 0.3 150 0.2 175 0.1 200 0.05 Harry sells trees for $15 each, but his cost is only $6. (a) How many trees should Harry stock at his hardware store?

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jan 2018 06:01 PM My Price 4.00

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