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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.
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elliptical path of celestial bodies
Linear Approximation Method This is a rough and ready method of interpolation and is best used when the series moves in predicted interval
i need help in discrete mathematics on sets, relations, and functions.
L.H.S. =cos 12+cos 60+cos 84 =cos 12+(cos 84+cos 60) =cos 12+2.cos 72 . cos 12 =(1+2sin 18)cos 12 =(1+2.(√5 -1)/4)cos 12 =(1+.(√5 -1)/2)cos 12 =(√5 +1)/2.cos 12 R.H.S =c
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Q. Define Number Line? Ans. A number line is a nice way to visualize and examine the ordering of the positive and negative numbers. Every positive and negative number that
1) Let the Sample Space S = {1, 2, 3, 4, 5, 6, 7, 8}. Suppose each outcome is equally likely. Compute the probability of event E = "an even number is selected". P(E) = 2) A s
Harold used a 3% iodine solution and a 20% iodine solution to make a 95- ounce solution in which was 19% iodine. How many ounces of the 3% iodine solution did he use? Let x = t
High Self-esteem Helps Learning : Consider Ajay, a student of Class 2. He is constantly told by his irritated father, "How stupid you are! You don't even understand this! Even yo
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