A clothing item is purchased for a seasonal sale

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Reference no: EM1381738

A clothing item is purchased for a seasonal sale. It costs $35, but it has a sale price of $50. After the season is over, it is marked down by 50% to clear the merchandise. The estimated quantities to be sold are:

no of items(n) 10 15 20 25 30 35
probability of selling exactly n items 0.15 0.20 0.30 0.20 0.10 0.05

Reference no: EM1381738

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