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Expected values

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January 24, 2023 at 7:36 pm #677314
horses00
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Chapter 16_Example two
For the calculation of the expected values are the probabilities not only applicable to the normal demand? For the contract there are no probabilities if I sign a contract for 300 units I will supply 300 units
So why do we take both the normal demand and contract demand in calculating expected value?
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