Determining optimal number of newspapers to purchase, Basic Statistics

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Determining optimal number of newspapers to purchase

Assignment:

A newsvendor keeps careful records of the number of papers he sells each day and the various costs that are relevant to his decision regarding the optimal number of newspapers to purchase. For what reason might his results be inaccurate? What would he need to do in order to accurately measure the daily demand for newspapers?

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Basic Statistics: Determining optimal number of newspapers to purchase

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