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Find number of cards q that card shop owner should purchase

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Reference no: EM131619402

Question: In Exercise find the number of cards Q that the card shop owner should purchase to maximize the profit with an error of approximately $5.00. Use the following expression to generate Q value

Q = 300 ± 100

For each run, generate a uniform random variate to get the Q value and for that Q value compute profit.

Reference no: EM131619402

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