A retailer is deciding how many units of a certain product to stock. The historical probability distribution of sales for this product is 0 units, 0.2; 1 unit, 0.3; 2 units, 0.4, and 3 units, 0.1
The product costs $8 per unit and sells for $25 per unit. What is the largest conditional value (profit) in the entire payoff table for this scenario?
A) $-24 profit
B) $-8 profit
C) $17 profit
D) $51 profit
E) $75 profit
D
Business
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Indicate whether the statement is true or false
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