A newsvendor can buy the The Unrecord for $1.00 and sell it for $1.25. However, he must buy the papers before he knows how many he can actually sell. If he buys more papers than he can sell, he disposes of the excess at no additional cost. If he does not buy enough papers, he loses potential sales. He knows that he can sell either 50, 100 or 150 papers because he has three potential customers who buy the newspapers from him in batches of 50 papers. He can buy papers himself only in multiples of 50. The probability of the newsvendor having one customer in a day is 0.3, two customers in a day is 0.5 and three customers in a day is 0.2How many newspapers should the newsvendor stock each day? Calculate EVPI using i) the expected value approach and ii) using EOL table