Opportunity Loss Table, assignment help

Q. 2. A newspaper boy buys magazines for Rs.13 each and sells them for Rs.18

each. He can not returnthe unsold magazine. The past record of sales is as follows:.

Sales

23

24

25

26

27

28

29

30

Prob.

.05

.10

.15

.30

.20

.10

.05

.05

i) Prepare the opportunity loss table

ii) Select the optimal act using expected opportunity loss criterion.

iii) Find EVPI