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A Bakery Makes Fresh Donuts Every Morning

Question 64

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A bakery makes fresh donuts every morning.If any are left at the end of the day they are donated to a homeless shelter.The number of donuts that can be sold each day is uncertain and the bakery must decide early each morning,how many donuts to make that day.The bakery has created the following payoff table to summarize the situation. A bakery makes fresh donuts every morning.If any are left at the end of the day they are donated to a homeless shelter.The number of donuts that can be sold each day is uncertain and the bakery must decide early each morning,how many donuts to make that day.The bakery has created the following payoff table to summarize the situation.   It estimates the following probabilities for the respective levels of demand.   If the bakery had perfect information about that day's demand,the expected value of perfect information is 60. It estimates the following probabilities for the respective levels of demand. A bakery makes fresh donuts every morning.If any are left at the end of the day they are donated to a homeless shelter.The number of donuts that can be sold each day is uncertain and the bakery must decide early each morning,how many donuts to make that day.The bakery has created the following payoff table to summarize the situation.   It estimates the following probabilities for the respective levels of demand.   If the bakery had perfect information about that day's demand,the expected value of perfect information is 60. If the bakery had perfect information about that day's demand,the expected value of perfect information is 60.

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