Let g (D, y) be the profit when the order quantity is y and the demand is D. In the newsvendor problem, we aim to maximize the expected profit. Which of the following expressions is the mathematical representation of this objective? maxp Eg(D, y)] O max, E[g(D, y)] O Emaxp g(D, y)] max, g(E[D], y) Emax, 9(D, y)]
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![Let g (D, y) be the profit when the order quantity is y and the demand is D. In the newsvendor
problem, we aim to maximize the expected profit. Which of the following expressions is the
mathematical representation of this objective?
maxp E[g(D, y)]
max, E[g(D, y)]
E[maxp g(D, y)]
O maxy g(E[D], y)
O E[max, g(D, y))](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa7926248-1389-4752-a179-a3bc80070159%2F28466f49-9d7f-4fed-8050-2b28e940c7ec%2Ffyt7s7_processed.jpeg&w=3840&q=75)
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- function for the lightweight compasses is given by p = 40- 4q²where q is the number of lightweight compasses produced in millions. It costs the company $15 to make a lightweight compass. (i) Write an equation giving profit as a function of the number of lightweight compasses produced. (ii) At the moment the company produces 2 million lightweight compasses and makes a profit of $18,000,000, but you would like to reduce production. What smaller number of lightweight compasses could the company produce to yield the same profit? Type your answer here:Profit Suppose that the total weekly cost for theproduction and sale of x bicycles is C(x) = 23x +3420 dollars and that the total revenue is givenby R(x) = 89x dollars, where x is the number ofbicycles.a. Write the equation of the function that models theweekly profit from the production and sale of xbicycles.b. What is the profit on the production and sale of150 bicycles?c. Write the function that gives the average profit perbicycle.d. What is the average profit per bicycle if 150 areproduced and sold?Cost, Revenue & ProfitFor these problems, xx will represent the number of items and yy will represent the money.The fixed costs for a certain item are $215 per week. The cost to produce each item is $2 per item.Using this information, what is the cost equation? Give your answer in slope-intercept form:y=y= The retailer intends to sell each item for $13/item.Using this information, what is the revenue equation? Give your answer in slope-intercept form:y=y= If in this week 13 items are made, and all items are sold in the week, what are the total costs to the retailer?Cost = $What is the revenue from selling 13 items?Revenue = $Finally, what is the profit for this retailer?Profit = $Box 1 & 2: Enter your answer as an expression. Example: 3x^2+1, x/5, (a+b)/cBe sure your variables match those in the question.
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