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A department store faces a decision for a seasonal product for which demand can be high, medium or low. The purchaser can order 1, 2 or 3 lots of this product before the season begins but cannot reorder later. Profit projections (in thousands of euro) are shown below
1. If the probabilities are 0.3 for high, 0.3 for medium and 0.4 for low, what is the recommended order quantity? Calculate the expected return based on these values.
2. Simulate twenty seasons and identify the recommended order quantity from this simulation.
3. Calculate the average return based on the simulated demand and compare your result with the expected return.
The distance around a square photograph is 12.8 centimeters. What is the langth of each side of the fotograph?
Jessica has a picture in a frame with a total area of 288 in2. The dimension of the picture without the frame is 12 in through 14 in. What is the larger dimension, in inches, of th
Test Of Hypothesis On Proportions It follows a similar method to the one for means except that the standard error utilized in this case: Sp = √(pq/n) Z score is computed
A=30, B=45, b=4
We now require addressing nonhomogeneous systems in brief. Both of the methods which we looked at back in the second order differential equations section can also be used now. Sin
tell me about the software of compound intrest?
Ask Suppose I offer you a loan to start a safety matchstick production unit on the following terms: I shall first advance you Rs.50,000/- to set up your unit, and wait for 3 month
robin runs 5 kilometers around the campus in the same length of time as he can walk 3 kilometers from his house to school. If he runs 4 kilometers per hour faster than he walks, ho
we know that log1 to any base =0 take antilog threfore a 0 =1
At an office, the manager earns 40% more than a first year employees. The employee earns what fraction of the manager earnings?
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