Belt Office Supplies sells desks, lamps, chairs, and other related supplies. The company’s executive lamp sells for $45, and Elizabeth Belt has determined that the break-even point for executive lamps...

Belt Office Supplies sells desks, lamps, chairs, and other related supplies. The company’s executive lamp sells for $45, and Elizabeth Belt has determined that the break-even point for executive lamps is 30 lamps per year. If Elizabeth does not make the break-even point, she loses $10 per lamp. The mean sales for executive lamps has been 45, and the standard deviation is 30.

(a) Determine the opportunity loss function.

(b) Determine the expected opportunity loss.

(c) What is the EVPI?