P(X = k) = pq^(k-30) , k = 30,31,32,...
where p = 0.05 , q = 1-p .
(a) Assuming that on each day the newsagent has an unlimited supply of copies of the newspaper, calculate the mean number of copies sold per day.
(b) If the newsagent has only N copies of the newspaper available for sale each day, find the smallest value of N for there to be a probability of at least 0.7 that the daily demand will be met.
(c) The newsagent makes a profit of $1.2 on every copy of the newspaper thath he sells, and loss $1.8 on every copy left unsold at the end of the day. If the newsagent has N copies available for sale each day and the number of customers requiring the paper is x, write down expressions for the daily profit in the cases when x<N and x>=N, respectively. By considering the additional daily profit in each of these cases if the newspaper had (N+1) copies available each day, find the value of N which will maximise the newsagent's mean daily profit from the sale of this newspaper.
更新1:
Answers (a) 49 (b) 53 (c) 40