In the previous problem, suppose that the cost per order is $1, and the monthly demand is 50 thermometers. What is the optimal order quantity? What is the smallest discount the supplier could offer...

In the previous problem, suppose that the cost per order is $1, and the monthly demand is 50 thermometers. What is the optimal order quantity? What is the smallest discount the supplier could offer that would still be accepted by the hospital?

The game of Chuck-a-Luck is played as follows: You pick a number between 1 and 6 and toss three dice. If your number does not appear, you lose $1. If your number appears x times, you win $x. On the average, how much money will you win or lose on each play of the game? Use simulation to find out.