Description
Please solve these problem questions with a formulas. Do your best, But, do not design the excel sheet. Good luck
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Explanation & Answer
please find the attachment
x
f(x)
0
1000
2000
3000
4000
Total
a)
From table
Expected vlue =
xf(x)
0.1
0.1
0.3
0.4
0.1
1
0
100
600
1200
400
2300
2300
b)
Produced units
Cost per one unit
Total production cost
=
=
=
2300 units
8 USD
18400 USD
Number of units sold
Selling price per unit
Total income
=
=
=
2000
10 USD
20000 USD
=
1600 USD
Company gain
2
Demand
0
1
2
3
4
5
6
Total
x f(x)
Probability xf(x)...