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April 18, 2014

Homework Help: QSO

Posted by Anonymous on Friday, March 1, 2013 at 11:11pm.

Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Advance sales are so small that Weiss has no way to estimate the demand for the red roses. She buys roses for $15 per dozen and sells them for $40 per dozen. Pay-off table for the problem is given below. Apply each of the criteria given below to determine the decision Weiss should make.

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