Essay
The campus bookstore sells stadium blankets embroidered with the university crest.The blankets must be purchased in bundles of one dozen each.Each blanket in the bundle costs $65,and will sell for $90.Blankets unsold by graduation will be clearance priced at $20.The bookstore estimates that demand patterns will follow the table below.
a.Build the decision table.
b.What is the maximum expected value?
c.How many bundles should be purchased?
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