Home / Expert Answers / Statistics and Probability / problem-no-2-eight-baskets-of-oranges-are-to-be-distributed-among-3-stores-the-demand-for-the-ora-pa603

(Solved): Problem No. 2: Eight baskets of oranges are to be distributed among 3 stores. The demand for the ora ...



Problem No. 2: Eight baskets of oranges are to be distributed among 3 stores. The demand for the oranges are random, according to probability distribution described in the table below. The profit per basket sold at stores 1, 2, and 3 are \( \mathrm{Php} 18, \mathrm{Php} 20 \), and Php 21 , respectively. Determine the number of baskets (constrained to be integer) that should be allocated to each store to maximize expected total profit. \begin{tabular}{|c|c|c|c|} \hline \multirow{2}{*}{ Baskets } & \multicolumn{3}{|c|}{ Demand probabilities } \\ \cline { 2 - 4 } & Store 1 & Store 2 & Store 3 \\ \hline 0 & 0.1 & 0 & 0.1 \\ \hline 1 & 0.2 & 0.2 & 0.3 \\ \hline 2 & 0.3 & 0.6 & 0.2 \\ \hline 3 & 0.2 & 0 & 0.2 \\ \hline 4 & 0.1 & 0.2 & 0 \\ \hline 5 & 0.1 & 0 & 0.2 \\ \hline \end{tabular} show complete solution .i think use knapsack here. correct me if wrong.



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe